Bank of Stockton Lowers Position in Dollar General Co. (NYSE:DG)

Bank of Stockton trimmed its stake in shares of Dollar General Co. (NYSE:DG) by 6.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,175 shares of the company’s stock after selling 427 shares during the period. Bank of Stockton’s holdings in Dollar General were worth $522,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Capital International Investors raised its holdings in shares of Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after acquiring an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Dollar General by 11.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after purchasing an additional 2,031,593 shares in the last quarter. Pzena Investment Management LLC bought a new position in Dollar General during the first quarter valued at $301,738,000. Point72 Asset Management L.P. grew its stake in shares of Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after buying an additional 765,206 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Dollar General by 319.6% during the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after acquiring an additional 704,639 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Down 0.0 %

DG stock traded down $0.04 during trading on Friday, hitting $81.36. 558,849 shares of the company’s stock traded hands, compared to its average volume of 3,124,392. The business has a fifty day simple moving average of $91.23 and a two-hundred day simple moving average of $118.19. 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 firm has a market capitalization of $17.89 billion, a P/E ratio of 11.85, a PEG ratio of 2.42 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.

Dollar General (NYSE:DG) last announced 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 net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the prior year, the business posted $2.13 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s payout ratio is currently 34.35%.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This trade 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 available at the SEC website. In related news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Warren F. Bryant purchased 500 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the acquisition, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DG has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. Evercore ISI dropped their price target on shares of Dollar General from $115.00 to $105.00 and set an “in-line” rating for the company in a research note on Tuesday. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. decreased their price objective on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Finally, The Goldman Sachs Group dropped their price objective on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dollar General has an average rating of “Hold” and an average target price of $107.84.

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.