Oak Harbor Wealth Partners LLC Has $1.58 Million Holdings in Dollar General Co. (NYSE:DG)

Oak Harbor Wealth Partners LLC lessened its holdings in shares of Dollar General Co. (NYSE:DG) by 1.1% during the third quarter, Holdings Channel.com reports. The firm owned 18,716 shares of the company’s stock after selling 208 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in Dollar General were worth $1,583,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Industrial Alliance Investment Management Inc. raised its stake in Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after buying an additional 80 shares during the last quarter. Pullen Investment Management LLC raised its stake in Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after buying an additional 87 shares during the last quarter. Pathway Financial Advisers LLC raised its stake in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after buying an additional 88 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after buying an additional 103 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in Dollar General by 7.3% during the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock worth $220,000 after buying an additional 113 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 0.4 %

Dollar General stock opened at $77.06 on Friday. Dollar General Co. has a fifty-two week low of $73.51 and a fifty-two week high of $168.07. The stock has a market cap of $16.95 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. The firm’s 50-day simple moving average is $82.05 and its 200 day simple moving average is $111.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share 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 analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Research analysts predict that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is 36.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company decreased 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. Loop Capital decreased their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. The Goldman Sachs Group decreased their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Raymond James decreased their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Finally, Evercore ISI decreased their target price on shares of Dollar General from $115.00 to $105.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $107.05.

Insider Buying and Selling at Dollar General

In related news, EVP Roderick J. West sold 2,510 shares of the company’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 transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This represents a 21.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred on 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 directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 41.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

About Dollar General

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.