Dollar General Co. (NYSE:DG) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. trimmed its stake in shares of Dollar General Co. (NYSE:DG) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,910 shares of the company’s stock after selling 163 shares during the quarter. Hartford Investment Management Co.’s holdings in Dollar General were worth $1,176,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Oppenheimer Asset Management Inc. boosted its holdings in Dollar General by 85.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after buying an additional 26,813 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Dollar General by 278.1% in the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after acquiring an additional 47,534 shares during the last quarter. Lecap Asset Management Ltd. increased its position in shares of Dollar General by 231.6% during the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares in the last quarter. Kiltearn Partners LLP purchased a new position in Dollar General in the 2nd quarter valued at $9,587,000. Finally, MBB Public Markets I LLC boosted its stake in Dollar General by 642.0% during the 2nd quarter. MBB Public Markets I LLC now owns 15,923 shares of the company’s stock worth $2,105,000 after purchasing an additional 13,777 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The trade was 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. In related news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred on 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 owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Warren F. Bryant purchased 1,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

Dollar General Price Performance

DG stock opened at $80.38 on Friday. The company has a market capitalization of $17.68 billion, a PE ratio of 11.70, a P/E/G ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The business’s fifty day moving average price is $90.44 and its 200 day moving average price is $117.93.

Dollar General (NYSE:DG) last announced 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 business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same period in the previous year, the company earned $2.13 earnings per share. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.94%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Wall Street Analyst Weigh In

DG has been the topic of several research reports. Bank of America decreased 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 note on Friday, August 30th. Loop Capital lowered their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. UBS Group cut their price target on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a report on Friday, August 30th. Melius Research initiated coverage on Dollar General in a report on Monday, September 23rd. They issued a “hold” rating and a $85.00 target price for the company. Finally, Raymond James reduced their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $107.84.

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.