Thrive Wealth Management LLC Buys 620 Shares of Dollar General Co. (NYSE:DG)

Thrive Wealth Management LLC increased its holdings in shares of Dollar General Co. (NYSE:DG) by 17.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,168 shares of the company’s stock after buying an additional 620 shares during the period. Thrive Wealth Management LLC’s holdings in Dollar General were worth $353,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Czech National Bank boosted its position in Dollar General by 7.0% during the 3rd quarter. Czech National Bank now owns 44,794 shares of the company’s stock worth $3,788,000 after buying an additional 2,934 shares during the period. Anchor Investment Management LLC lifted its position in shares of Dollar General by 3.5% in the 2nd quarter. Anchor Investment Management LLC now owns 16,081 shares of the company’s stock worth $2,126,000 after purchasing an additional 539 shares during the period. Heritage Wealth Management Inc. acquired a new position in shares of Dollar General during the 2nd quarter valued at $1,061,000. Sanctuary Advisors LLC acquired a new position in shares of Dollar General during the 2nd quarter valued at $3,791,000. Finally, Heritage Oak Wealth Advisors LLC acquired a new position in shares of Dollar General during the 2nd quarter valued at $508,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost 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 of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DG. Morgan Stanley downgraded shares of Dollar General from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $170.00 to $100.00 in a research report on Friday, August 30th. Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their target price for the company from $91.00 to $73.00 in a research report on Friday, September 27th. Barclays decreased their price target on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. BMO Capital Markets decreased their price target on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average target price of $109.48.

Dollar General Stock Performance

DG traded up $2.43 during trading on Friday, hitting $84.35. 3,762,874 shares of the company traded hands, compared to its average volume of 3,041,284. The firm has a market cap of $18.55 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. The stock’s fifty day moving average is $100.95 and its 200 day moving average is $125.07. 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 Co. has a one year low of $77.96 and a one 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 the consensus estimate of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. As a group, equities analysts predict that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

About Dollar General

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.