Dollar General Co. (NYSE:DG) Stock Holdings Lessened by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. cut its stake in shares of Dollar General Co. (NYSE:DG) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 467,688 shares of the company’s stock after selling 9,733 shares during the period. Westwood Holdings Group Inc. owned about 0.21% of Dollar General worth $61,842,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Transatlantique Private Wealth LLC raised its stake in shares of Dollar General by 110.4% during the 2nd quarter. Transatlantique Private Wealth LLC now owns 6,802 shares of the company’s stock worth $899,000 after purchasing an additional 3,569 shares in the last quarter. Summit Trail Advisors LLC raised its position in Dollar General by 18.7% during the second quarter. Summit Trail Advisors LLC now owns 4,814 shares of the company’s stock valued at $637,000 after acquiring an additional 758 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Dollar General by 29.9% in the second quarter. Pacer Advisors Inc. now owns 19,264 shares of the company’s stock valued at $2,547,000 after acquiring an additional 4,432 shares during the last quarter. AE Wealth Management LLC lifted its stake in Dollar General by 53.4% in the second quarter. AE Wealth Management LLC now owns 3,520 shares of the company’s stock valued at $465,000 after acquiring an additional 1,226 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Dollar General by 86.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 518,016 shares of the company’s stock worth $68,497,000 after purchasing an additional 240,199 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Down 0.6 %

Shares of Dollar General stock opened at $86.01 on Friday. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The firm has a market capitalization of $18.91 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The company’s fifty day moving average price is $108.42 and its two-hundred day moving average price is $130.05.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.70 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 the consensus estimate of $10.37 billion. During the same quarter in the prior year, the business earned $2.13 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.74%. Dollar General’s payout ratio is presently 34.35%.

Insider Activity

In other news, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, 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 is accessible through the SEC website. In related news, Director Warren F. Bryant purchased 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now directly owns 41,030 shares in the company, valued at $3,298,812. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Warren F. Bryant acquired 1,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, with a total value of $80,830.00. Following the transaction, the director now directly owns 42,030 shares in the company, valued at approximately $3,397,284.90. The disclosure for this purchase can be found here. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on DG. Wells Fargo & Company decreased their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. UBS Group lowered their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Bank of America reduced their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a report on Friday, August 30th. Evercore ISI lowered their price target on Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a report on Friday, August 30th. Finally, Piper Sandler reduced their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average price target 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.