Morgan Stanley Downgrades Dollar General (WBAG:DGEN)

Fintel reports that on August 30, 2024, Morgan Stanley downgraded their outlook for Dollar General (WBAG:DGEN) from Overweight to Equal-Weight.

What is the Fund Sentiment?

There are 1,768 funds or institutions reporting positions in Dollar General. This is an decrease of 64 owner(s) or 3.49% in the last quarter. Average portfolio weight of all funds dedicated to DGEN is 0.27%, an increase of 7.80%. Total shares owned by institutions increased in the last three months by 2.77% to 244,440K shares.

What are Other Shareholders Doing?

AT:DGEN / Dollar General Corporation Shares Held by Institutions

Capital International Investors holds 25,215K shares representing 11.47% ownership of the company. In its prior filing, the firm reported owning 20,790K shares , representing an increase of 17.55%. The firm increased its portfolio allocation in DGEN by 4.48% over the last quarter.

Price T Rowe Associates holds 21,719K shares representing 9.88% ownership of the company. In its prior filing, the firm reported owning 20,217K shares , representing an increase of 6.92%. The firm decreased its portfolio allocation in DGEN by 11.13% over the last quarter.

Capital World Investors holds 11,551K shares representing 5.25% ownership of the company. In its prior filing, the firm reported owning 11,982K shares , representing a decrease of 3.74%. The firm decreased its portfolio allocation in DGEN by 19.53% over the last quarter.

ABALX - AMERICAN BALANCED FUND holds 7,091K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 6,145K shares , representing an increase of 13.33%. The firm decreased its portfolio allocation in DGEN by 3.76% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,966K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 6,906K shares , representing an increase of 0.87%. The firm decreased its portfolio allocation in DGEN by 16.88% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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