Aldebaran Financial Inc. Sells 350 Shares of Dollar General Co. (NYSE:DG)

Aldebaran Financial Inc. trimmed its holdings in shares of Dollar General Co. (NYSE:DG) by 11.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,594 shares of the company’s stock after selling 350 shares during the quarter. Aldebaran Financial Inc.’s holdings in Dollar General were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in Dollar General by 13.9% in the fourth quarter. Parallel Advisors LLC now owns 1,792 shares of the company’s stock valued at $244,000 after acquiring an additional 218 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Dollar General by 18.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,139 shares of the company’s stock valued at $563,000 after purchasing an additional 653 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in shares of Dollar General during the 4th quarter valued at about $369,000. Bank of Nova Scotia lifted its position in Dollar General by 228.3% in the 4th quarter. Bank of Nova Scotia now owns 78,274 shares of the company’s stock worth $10,641,000 after buying an additional 54,434 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in Dollar General by 1.0% in the fourth quarter. California State Teachers Retirement System now owns 350,983 shares of the company’s stock worth $47,716,000 after buying an additional 3,443 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DG. Gordon Haskett downgraded shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research note on Friday, August 30th. Truist Financial decreased 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 report on Monday, August 26th. Barclays cut 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 report on Tuesday, September 3rd. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $91.00 to $73.00 in a report on Friday. Finally, BMO Capital Markets dropped their target price on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $109.48.

Insider Buying and Selling

In other news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred on Thursday, September 12th. The shares were 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 in the company, valued at $762,819.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Stock Performance

Dollar General stock opened at $84.57 on Tuesday. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 2.52 and a beta of 0.44. The stock’s 50 day simple moving average is $103.78 and its two-hundred day simple moving average is $126.65. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

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 during the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.13 earnings per share. As a group, analysts expect that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.59 per share. 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 2.79%. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

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.