Mount Yale Investment Advisors LLC Lowers Stake in Dollar General Co. (NYSE:DG)

Mount Yale Investment Advisors LLC lessened its holdings in Dollar General Co. (NYSE:DG) by 11.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,643 shares of the company’s stock after selling 4,994 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Dollar General were worth $5,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its position in shares of 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 purchasing an additional 26,813 shares during the last quarter. Cetera Investment Advisers raised its holdings in 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 buying an additional 47,534 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after buying an additional 3,360,413 shares in the last quarter. Nexus Investment Management ULC grew its holdings in shares of Dollar General by 10.5% during the first quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock valued at $29,932,000 after buying an additional 18,280 shares during the last quarter. Finally, FIL Ltd increased its position in shares of Dollar General by 31.4% during the fourth quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock valued at $182,194,000 after acquiring an additional 320,157 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 0.6 %

NYSE DG opened at $86.01 on Friday. The stock’s 50-day moving average price is $108.42 and its 200-day moving average price is $129.87. The company has a market capitalization of $18.91 billion, a P/E ratio of 12.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. 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 52 week low of $77.96 and a 52 week high of $168.07.

Dollar General (NYSE:DG) last issued 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 firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. On average, equities research analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.74%. Dollar General’s payout ratio is presently 34.35%.

Wall Street Analyst Weigh In

Several research firms 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 on the stock in a research report on Friday, August 30th. Barclays lowered their price target on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Piper Sandler reduced their price objective on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Truist Financial lowered their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Finally, Telsey Advisory Group cut shares of Dollar General from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $168.00 to $103.00 in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.95.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the purchase, the director now directly owns 42,030 shares in the company, valued at approximately $3,397,284.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The shares were purchased 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.