AMG National Trust Bank grew its position in Dollar General Co. (NYSE:DG – Get Rating) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,281 shares of the company’s stock after purchasing an additional 151 shares during the quarter. AMG National Trust Bank’s holdings in Dollar General were worth $307,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. boosted its position in shares of Dollar General by 4.0% in the second quarter. Gilbert & Cook Inc. now owns 1,058 shares of the company’s stock valued at $260,000 after acquiring an additional 41 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Dollar General by 2.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,785 shares of the company’s stock valued at $438,000 after purchasing an additional 43 shares during the period. McIlrath & Eck LLC grew its position in shares of Dollar General by 51.8% during the 2nd quarter. McIlrath & Eck LLC now owns 129 shares of the company’s stock valued at $32,000 after purchasing an additional 44 shares in the last quarter. Benchmark Investment Advisors LLC raised its position in shares of Dollar General by 0.5% in the second quarter. Benchmark Investment Advisors LLC now owns 9,105 shares of the company’s stock worth $2,235,000 after buying an additional 44 shares in the last quarter. Finally, TrinityPoint Wealth LLC boosted its stake in Dollar General by 1.6% during the second quarter. TrinityPoint Wealth LLC now owns 2,897 shares of the company’s stock valued at $711,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 90.73% of the company’s stock.
Insider Buying and Selling
In related news, Director Warren F. Bryant sold 1,951 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total value of $475,907.43. Following the transaction, the director now owns 38,269 shares in the company, valued at approximately $9,334,957.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.
Dollar General Stock Performance
Dollar General (NYSE:DG – Get Rating) last released its quarterly earnings results on Thursday, December 1st. The company reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.55 by ($0.22). Dollar General had a net margin of 6.49% and a return on equity of 38.43%. The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $9.43 billion. As a group, research analysts predict that Dollar General Co. will post 10.94 EPS for the current year.
Dollar General Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, December 30th. Dollar General’s dividend payout ratio (DPR) is presently 21.38%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on DG shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Dollar General from $265.00 to $293.00 in a research report on Tuesday, November 29th. Telsey Advisory Group lowered their target price on shares of Dollar General from $285.00 to $270.00 and set an “outperform” rating on the stock in a research note on Friday, December 2nd. Morgan Stanley decreased their price target on shares of Dollar General from $260.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday. Evercore ISI decreased their price target on shares of Dollar General to $265.00 in a research note on Friday, December 2nd. Finally, Oppenheimer lifted their price target on shares of Dollar General from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Monday, November 28th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Dollar General presently has an average rating of “Moderate Buy” and an average price target of $263.93.
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.
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