Dollar General Co. (NYSE:DG) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in Dollar General Co. (NYSE:DG) by 22.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,709 shares of the company’s stock after selling 1,623 shares during the period. Private Advisor Group LLC’s holdings in Dollar General were worth $755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of DG. Beacon Pointe Advisors LLC raised its position in Dollar General by 6.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,587 shares of the company’s stock valued at $1,031,000 after purchasing an additional 443 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Dollar General by 40.1% in the fourth quarter. Panagora Asset Management Inc. now owns 15,609 shares of the company’s stock worth $2,122,000 after acquiring an additional 4,467 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in Dollar General during the 4th quarter worth approximately $212,000. Norges Bank acquired a new position in Dollar General during the 4th quarter worth approximately $337,150,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in Dollar General by 79.7% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,379 shares of the company’s stock valued at $731,000 after buying an additional 2,386 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DG. Truist Financial dropped their price objective on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Barclays cut their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. The Goldman Sachs Group lowered their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. BMO Capital Markets cut their price target on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 27th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $113.95.

Dollar General Trading Up 1.2 %

Shares of DG stock opened at $85.75 on Tuesday. The business’s fifty day moving average price is $111.91 and its 200 day moving average price is $131.54. The firm has a market capitalization of $18.86 billion, a PE ratio of 12.48, a P/E/G ratio of 2.36 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General Co. has a 1-year low of $77.96 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. As a group, sell-side analysts forecast that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s payout ratio is currently 34.35%.

Insider Buying and Selling

In other news, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dollar General news, Director Warren F. Bryant bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the transaction, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the acquisition, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.