Dollar General Co. (NYSE:DG) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its position in shares of Dollar General Co. (NYSE:DG) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,539 shares of the company’s stock after acquiring an additional 483 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Dollar General were worth $2,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burkett Financial Services LLC purchased a new stake in Dollar General during the 4th quarter valued at about $26,000. Fortis Group Advisors LLC boosted its holdings 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 worth $27,000 after purchasing an additional 100 shares during the last quarter. Bank & Trust Co purchased a new stake in shares of Dollar General in the second quarter valued at approximately $26,000. Salem Investment Counselors Inc. increased its holdings in shares of Dollar General by 104.9% in the first quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock valued at $39,000 after purchasing an additional 128 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar General during the second quarter worth approximately $33,000. Hedge funds and other institutional investors 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 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 sale, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Price Performance

DG stock opened at $86.52 on Friday. The business’s fifty day moving average price is $109.35 and its 200 day moving average price is $130.48. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07. 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 company has a market capitalization of $19.03 billion, a PE ratio of 12.59, a P/E/G ratio of 2.36 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter last year, the company earned $2.13 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Dividend Announcement

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 given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.73%. Dollar General’s dividend payout ratio is presently 34.35%.

Analyst Ratings Changes

Several analysts have issued reports on DG shares. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Friday, August 30th. Bank of America dropped their price objective on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a report on Friday, August 30th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Wells Fargo & Company dropped their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 27th. Finally, Morgan Stanley lowered shares of Dollar General from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $170.00 to $100.00 in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.95.

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.