Northwestern Mutual Wealth Management Co. Has $1.82 Million Stock Position in Dollar General Co. (NYSE:DG)

Northwestern Mutual Wealth Management Co. decreased its position in Dollar General Co. (NYSE:DG) by 36.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,761 shares of the company’s stock after selling 7,928 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Dollar General were worth $1,820,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake in shares of Dollar General by 85.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after purchasing an additional 26,813 shares during the last quarter. Cetera Investment Advisers boosted its position in Dollar General by 278.1% during the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares during the last quarter. Kiltearn Partners LLP bought a new position in shares of Dollar General in the second quarter valued at $9,587,000. Vanguard Group Inc. grew its position in shares of Dollar General by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. Finally, Nexus Investment Management ULC grew its holdings in Dollar General by 10.5% during the first quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock worth $29,932,000 after purchasing an additional 18,280 shares during the period. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Raymond James dropped their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Friday, August 30th. Argus reduced their target price on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a report on Monday, July 15th. Loop Capital decreased their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, BMO Capital Markets cut their price objective on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.48.

Insiders Place Their Bets

In related news, EVP Steven R. Deckard sold 2,010 shares of the company’s 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 sale, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE:DG opened at $84.35 on Friday. 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 stock has a market capitalization of $18.55 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07. The company’s 50 day simple moving average is $100.95 and its 200 day simple moving average is $124.86.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the prior year, the business posted $2.13 earnings per share. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts predict that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given 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 2.80%. Dollar General’s dividend payout ratio (DPR) is 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.