Dollar General Co. (NYSE:DG) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in shares of Dollar General Co. (NYSE:DG) by 6.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 44,619 shares of the company’s stock after selling 3,117 shares during the period. Amalgamated Bank’s holdings in Dollar General were worth $5,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its holdings in Dollar General by 12.4% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock valued at $108,000 after acquiring an additional 76 shares during the period. Fidelis Capital Partners LLC raised its holdings in shares of Dollar General by 3.3% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock valued at $378,000 after purchasing an additional 77 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Dollar General by 3.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after purchasing an additional 80 shares during the last quarter. Pullen Investment Management LLC grew its stake in shares of Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after purchasing an additional 87 shares in the last quarter. Finally, Rise Advisors LLC increased its holdings in Dollar General by 14.8% in the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock valued at $109,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 0.6 %

NYSE:DG opened at $86.01 on Friday. Dollar General Co. has a 52-week low of $77.96 and a 52-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. The stock has a fifty day simple moving average of $108.42 and a 200-day simple moving average of $130.05. The company has a market capitalization of $18.91 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.74%. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Activity at Dollar General

In related news, EVP Roderick J. West sold 2,510 shares of the business’s 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 completion of the transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of Dollar General 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 directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DG. The Goldman Sachs Group lowered their price objective on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Truist Financial decreased their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Wells Fargo & Company reduced their price objective on 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. Finally, Piper Sandler cut their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $113.95.

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.