Dollar General Co. (NYSE:DG) Shares Sold by American Trust

American Trust decreased its position in shares of Dollar General Co. (NYSE:DG) by 3.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 24,073 shares of the company’s stock after selling 882 shares during the period. American Trust’s holdings in Dollar General were worth $3,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Heritage Wealth Management Inc. purchased a new stake in Dollar General in the 2nd quarter valued at about $1,061,000. Sanctuary Advisors LLC acquired a new stake in shares of Dollar General in the second quarter worth approximately $3,791,000. Heritage Oak Wealth Advisors LLC purchased a new stake in Dollar General in the second quarter valued at approximately $508,000. New Wave Wealth Advisors LLC acquired a new position in Dollar General during the second quarter worth approximately $381,000. Finally, Pathway Financial Advisers LLC raised its stake in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dollar General

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

Analyst Upgrades and Downgrades

DG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Raymond James cut their price objective on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. UBS Group decreased their target price on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a report on Friday, August 30th. Bank of America reduced their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday, August 30th. Finally, Morgan Stanley lowered shares of Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $170.00 to $100.00 in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $109.48.

Dollar General Stock Down 0.1 %

Shares of NYSE:DG opened at $84.46 on Wednesday. The firm has a market cap of $18.57 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. The company has a fifty day simple moving average of $103.06 and a 200 day simple moving average of $126.18. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last released 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the firm posted $2.13 EPS. Dollar General’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 34.35%.

Dollar General 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.