Blue Trust Inc. Raises Holdings in Dollar General Co. (NYSE:DG)

Blue Trust Inc. raised its holdings in shares of Dollar General Co. (NYSE:DG) by 99.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,575 shares of the company’s stock after purchasing an additional 785 shares during the period. Blue Trust Inc.’s holdings in Dollar General were worth $133,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Dollar General by 1,463.6% during the 4th quarter. Wellington Management Group LLP now owns 41,483 shares of the company’s stock valued at $5,640,000 after buying an additional 38,830 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Dollar General by 1.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,978 shares of the company’s stock valued at $1,557,000 after purchasing an additional 166 shares in the last quarter. Raub Brock Capital Management LP lifted its position in Dollar General by 30.6% during the first quarter. Raub Brock Capital Management LP now owns 116,453 shares of the company’s stock valued at $18,174,000 after purchasing an additional 27,273 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in Dollar General by 10.9% during the first quarter. Capital Advisors Ltd. LLC now owns 994 shares of the company’s stock valued at $155,000 after purchasing an additional 98 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Dollar General by 0.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 518,725 shares of the company’s stock valued at $80,952,000 after acquiring an additional 2,785 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dollar General

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 transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Dollar General news, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the purchase, the director now owns 42,030 shares in the company, valued at $3,397,284.90. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction 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 completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DG shares. Argus reduced their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Bank of America reduced their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $168.00 to $103.00 in a report on Friday, August 30th. Sanford C. Bernstein started coverage on Dollar General in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 target price on the stock. Finally, Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $107.84.

Dollar General Price Performance

Shares of DG opened at $80.38 on Monday. The business’s 50-day moving average is $89.58 and its two-hundred day moving average is $116.89. 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 Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The company has a market capitalization of $17.68 billion, a P/E ratio of 11.70, a P/E/G ratio of 2.42 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. Research analysts predict that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.94%. Dollar General’s dividend payout ratio is currently 34.35%.

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.