American Trust cut its position in shares of Dollar General Co. (NYSE:DG – Free Report) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,073 shares of the company’s stock after selling 882 shares during the period. American Trust’s holdings in Dollar General were worth $3,183,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Massmutual Trust Co. FSB ADV raised its stake in Dollar General by 12.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock valued at $108,000 after buying an additional 76 shares in the last quarter. Fidelis Capital Partners LLC raised its position in shares of Dollar General by 3.3% during the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after acquiring an additional 77 shares in the last quarter. Industrial Alliance Investment Management Inc. raised 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 acquiring an additional 80 shares in the last quarter. Pullen Investment Management LLC boosted its holdings in Dollar General by 4.3% in the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after purchasing an additional 87 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
Insiders Place Their Bets
In other news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the 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 sale, the executive vice president now 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 owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Report on DG
Dollar General Stock Performance
NYSE:DG opened at $84.46 on Wednesday. The firm’s fifty day simple moving average is $103.06 and its 200-day simple moving average is $126.18. 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 market cap of $18.57 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07.
Dollar General (NYSE:DG – Get Free Report) last issued 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 company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts expect that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.
Dollar General Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. The ex-dividend date 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 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.
Further Reading
- Five stocks we like better than Dollar General
- How to Use the MarketBeat Dividend Calculator
- Ready for Growth? Barrick Gold Stock Could Be the Answer
- Which Wall Street Analysts are the Most Accurate?
- Trade Like a Member of Congress With These 2 ETFs
- What is Put Option Volume?
- October’s Top 3 Stocks Revealed by MarketBeat’s MarketRank Tool
Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. (NYSE:DG – Free Report).
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.