SYSTM Wealth Solutions LLC Has $28,000 Stake in Dollar General Co. (NYSE:DG)

SYSTM Wealth Solutions LLC reduced its position in shares of Dollar General Co. (NYSE:DG) by 92.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211 shares of the company’s stock after selling 2,664 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Dollar General were worth $28,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new position in shares of Dollar General during the fourth quarter worth approximately $26,000. Bank & Trust Co acquired a new position in Dollar General in the 2nd quarter valued at $26,000. Fortis Group Advisors LLC lifted its position in shares of Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General during the 2nd quarter worth $33,000. Finally, Quest Partners LLC bought a new position in shares of Dollar General in the fourth quarter worth $37,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $174,186.60. Following 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 company insiders.

Dollar General Stock Down 0.4 %

Shares of NYSE:DG opened at $86.52 on Friday. The business has a fifty day simple moving average of $109.35 and a 200 day simple moving average of $130.48. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07. The firm has a market cap of $19.03 billion, a P/E ratio of 12.59, a P/E/G 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 (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion during the quarter, compared to analyst estimates 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 was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 earnings per share. Analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 34.35%.

Wall Street Analyst Weigh In

DG has been the topic of a number of analyst reports. Argus reduced their price objective on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. BMO Capital Markets decreased their price objective on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Evercore ISI cut their target price on Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a research note on Friday, August 30th. Truist Financial decreased their price target on 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, Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $113.95.

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.