Weaver Capital Management LLC Sells 3,629 Shares of Dollar General Co. (NYSE:DG)

Weaver Capital Management LLC decreased its holdings in shares of Dollar General Co. (NYSE:DG) by 41.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,051 shares of the company’s stock after selling 3,629 shares during the period. Weaver Capital Management LLC’s holdings in Dollar General were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DG. Capital International Investors boosted its position 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 valued at $3,244,491,000 after purchasing an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Dollar General by 11.2% during the 1st 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 stake in shares of Dollar General during the 1st quarter valued at about $301,738,000. Point72 Asset Management L.P. boosted its position in shares of Dollar General by 148.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after purchasing an additional 765,206 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after purchasing an additional 704,639 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other news, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Warren F. Bryant purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $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. 0.49% of the stock is owned by corporate insiders.

Dollar General Stock Performance

Shares of DG opened at $81.08 on Wednesday. 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 $17.83 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.42 and a beta of 0.44. The stock has a 50 day moving average of $91.94 and a 200 day moving average of $118.45. Dollar General Co. has a 12 month low of $77.96 and a 12 month high of $168.07.

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

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.91%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Analysts Set New Price Targets

Several brokerages have issued reports on DG. Barclays cut their price target on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and cut their price target for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Loop Capital cut their price target on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Friday, August 30th. Finally, Evercore ISI cut their price target on Dollar General from $115.00 to $105.00 and set an “in-line” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, fourteen 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 a consensus rating of “Hold” and an average price target 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.