Dollar General Co. (NYSE:DG) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its holdings in Dollar General Co. (NYSE:DG) by 6.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 306,840 shares of the company’s stock after acquiring an additional 18,141 shares during the quarter. Bank of Montreal Can owned 0.14% of Dollar General worth $39,585,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in DG. Burkett Financial Services LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at about $26,000. Fortis Group Advisors LLC boosted its stake in shares of Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Bank & Trust Co acquired a new stake in shares of Dollar General in the 2nd quarter worth approximately $26,000. Salem Investment Counselors Inc. increased its stake in Dollar General by 104.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar General during the second quarter worth $33,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Warren F. Bryant bought 500 shares of the company’s stock in a transaction that occurred 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 completion of 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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BMO Capital Markets dropped their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Wells Fargo & Company cut their target price on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Friday, August 30th. Barclays cut their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, Melius Research assumed coverage on Dollar General in a research report on Monday. They set a “hold” rating and a $85.00 price target for the company. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $112.57.

Dollar General Stock Performance

NYSE:DG opened at $86.94 on Friday. The company has a market cap of $19.12 billion, a P/E ratio of 12.66, a P/E/G ratio of 2.52 and a beta of 0.44. The firm’s 50 day moving average is $105.95 and its two-hundred day moving average is $128.36. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

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

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

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.