Dollar General Co. (NYSE:DG) Shares Purchased by Greenleaf Trust

Greenleaf Trust grew its holdings in Dollar General Co. (NYSE:DG) by 5.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 99,468 shares of the company’s stock after acquiring an additional 4,888 shares during the quarter. Greenleaf Trust’s holdings in Dollar General were worth $8,412,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DG. Oppenheimer Asset Management Inc. grew its stake in shares of Dollar General by 85.7% in the 2nd 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 increased its stake in shares of Dollar General by 278.1% during the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after purchasing an additional 47,534 shares in the last quarter. Kiltearn Partners LLP purchased a new position in shares of Dollar General during the 2nd quarter worth approximately $9,587,000. MBB Public Markets I LLC boosted its position in Dollar General by 642.0% during the second quarter. MBB Public Markets I LLC now owns 15,923 shares of the company’s stock worth $2,105,000 after acquiring an additional 13,777 shares during the last quarter. Finally, Nexus Investment Management ULC boosted its position in Dollar General by 32.3% during the third quarter. Nexus Investment Management ULC now owns 281,290 shares of the company’s stock worth $23,789,000 after acquiring an additional 68,645 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE DG traded down $0.16 during trading hours on Wednesday, hitting $80.96. 142,451 shares of the stock were exchanged, compared to its average volume of 3,126,666. 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 50 day moving average is $91.94 and its 200 day moving average is $118.45. The firm has a market capitalization of $17.80 billion, a P/E ratio of 11.80, a P/E/G ratio of 2.42 and a beta of 0.44. Dollar General Co. has a one year low of $77.96 and a one year high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. On average, research analysts expect that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 34.35%.

Analyst Ratings Changes

DG has been the topic of a number of analyst reports. Truist Financial decreased their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Raymond James decreased their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. The Goldman Sachs Group dropped their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Bank of America dropped their target price on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. Finally, Loop Capital lowered their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.84.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which is available at this link. In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of Dollar General 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 transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction dated 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.