Graham Capital Wealth Management LLC Has $2.05 Million Position in Dollar General Co. (NYSE:DG)

Graham Capital Wealth Management LLC lowered its position in Dollar General Co. (NYSE:DG) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,513 shares of the company’s stock after selling 378 shares during the quarter. Dollar General makes up about 2.8% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. Graham Capital Wealth Management LLC’s holdings in Dollar General were worth $2,051,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Dollar General by 15.5% during the 4th 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 during the last quarter. Capital International Investors lifted its stake in shares of Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after buying an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Dollar General by 11.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after buying an additional 2,031,593 shares during the last quarter. Capital World Investors lifted its stake in shares of Dollar General by 1.0% during the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after buying an additional 133,591 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in shares of Dollar General during the 1st quarter worth about $301,738,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DG. Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and cut their target price for the stock from $91.00 to $73.00 in a research note on Friday. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Gordon Haskett cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Friday, August 30th. Loop Capital dropped their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Finally, Raymond James dropped their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus target price of $109.48.

Insider Buying and Selling

In related news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Trading Down 3.1 %

Shares of Dollar General stock opened at $84.57 on Tuesday. The firm has a market capitalization of $18.60 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. 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 firm’s 50 day moving average is $103.78 and its 200 day moving average is $126.65. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07.

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). The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. Equities research analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.79%. 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.