Scharf Investments LLC Holds Stake in Dollar Gen Corp New (DG)

December 7, 2017 - By reb123z

Investors sentiment increased to 0.98 in 2017 Q2. Its up 0.03, from 0.95 in 2017Q1. It improved, as 62 investors sold DG shares while 193 reduced holdings. 71 funds opened positions while 178 raised stakes. 240.50 million shares or 4.61% more from 229.90 million shares in 2017Q1 were reported. Marathon Equity Mgmt Ltd Llc holds 100,000 shares or 3.3% of its portfolio. Moreover, Point72 Asia (Hong Kong) has 0.06% invested in Dollar General Corporation (NYSE:DG) for 848 shares. 23,500 were reported by New Mexico Educational Retirement Board. Mufg Americas Corporation owns 105 shares for 0% of their portfolio. 55,349 are owned by Catalyst Limited Liability Company. Hayek Kallen Invest stated it has 6,610 shares or 0.32% of all its holdings. National Bank & Trust Of Mellon reported 7.82M shares. Kings Point Mngmt reported 0.01% in Dollar General Corporation (NYSE:DG). 25,297 are owned by Advantus Capital Management Inc. Semper Augustus Invests Grp Limited Liability Company has invested 3.24% of its portfolio in Dollar General Corporation (NYSE:DG). Rampart Invest Mgmt Ltd Company holds 0.09% of its portfolio in Dollar General Corporation (NYSE:DG) for 3,285 shares. Amica Mutual Insur Company reported 56,120 shares or 0.37% of all its holdings. Df Dent invested 0.01% in Dollar General Corporation (NYSE:DG). Ngam Advsr Ltd Partnership has 0.3% invested in Dollar General Corporation (NYSE:DG) for 381,085 shares. Wfg Advsr Ltd Partnership owns 984 shares for 0.02% of their portfolio.

Scharf Investments Llc increased its stake in Dollar Gen Corp New (DG) by 36.97% based on its latest 2017Q2 regulatory filing with the SEC. Scharf Investments Llc bought 741,049 shares as the company’s stock declined 7.36% while stock markets rallied. The institutional investor held 2.75M shares of the department and specialty retail stores company at the end of 2017Q2, valued at $197.92 million, up from 2.00M at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Dollar Gen Corp New for a number of months, seems to be bullish on the $25.51 billion market cap company. The stock increased 2.77% or $2.52 during the last trading session, reaching $93.37. About 6.47 million shares traded or 159.14% up from the average. Dollar General Corporation (NYSE:DG) has declined 12.26% since December 7, 2016 and is downtrending. It has underperformed by 28.96% the S&P500.

Scharf Investments Llc, which manages about $2.69 billion and $4.26 billion US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 18,394 shares to 26,354 shares, valued at $6.37M in 2017Q2, according to the filing. It also reduced its holding in Schlumberger Ltd (NYSE:SLB) by 69,466 shares in the quarter, leaving it with 1.70M shares, and cut its stake in Cognizant Technology Solutio (NASDAQ:CTSH).

More notable recent Dollar General Corporation (NYSE:DG) news were published by: Nasdaq.com which released: “Earnings Reaction History: Dollar General Corporation, 72.7% Follow-Through …” on December 07, 2017, also Nasdaq.com with their article: “Dollar General (DG) Earnings & Sales Beat Estimates in Q3” published on December 07, 2017, Wsj.com published: “How Dollar General Became Rural America’s Store of Choice” on December 04, 2017. More interesting news about Dollar General Corporation (NYSE:DG) were released by: Bizjournals.com and their article: “Dollar General’s surge gets the attention of The Wall Street Journal” published on December 05, 2017 as well as Nasdaq.com‘s news article titled: “January 2018 Options Now Available For Dollar General (DG)” with publication date: December 07, 2017.

Dollar General Corporation (NYSE:DG) Ratings Coverage

Among 29 analysts covering Dollar General Corp. (NYSE:DG), 14 have Buy rating, 3 Sell and 12 Hold. Therefore 48% are positive. Dollar General Corp. had 92 analyst reports since August 13, 2015 according to SRatingsIntel. As per Tuesday, February 23, the company rating was initiated by Buckingham Research. The rating was maintained by RBC Capital Markets on Friday, August 28 with “Outperform”. On Wednesday, December 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Dollar General Corporation (NYSE:DG) earned “Hold” rating by on Monday, October 10. The rating was maintained by Jefferies with “Hold” on Friday, August 26. The rating was initiated by KeyBanc Capital Markets on Thursday, October 13 with “Sector Weight”. The rating was upgraded by Bank of America to “Neutral” on Wednesday, October 21. On Friday, August 26 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by Goldman Sachs on Monday, March 28 with “Buy”. RBC Capital Markets maintained Dollar General Corporation (NYSE:DG) on Friday, November 10 with “Buy” rating.

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