Atticus Wealth Management LLC lifted its stake in shares of Dollar General Co. (NYSE:DG – Get Rating) by 5,940.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 302 shares of the company’s stock after acquiring an additional 297 shares during the quarter. Atticus Wealth Management LLC’s holdings in Dollar General were worth $74,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Private Advisor Group LLC lifted its position in shares of Dollar General by 12.6% during the 2nd quarter. Private Advisor Group LLC now owns 13,554 shares of the company’s stock worth $3,327,000 after purchasing an additional 1,513 shares during the last quarter. Nvest Financial LLC lifted its position in shares of Dollar General by 10.7% during the 2nd quarter. Nvest Financial LLC now owns 2,283 shares of the company’s stock worth $560,000 after purchasing an additional 220 shares during the last quarter. HBW Advisory Services LLC lifted its position in shares of Dollar General by 147.8% during the 2nd quarter. HBW Advisory Services LLC now owns 18,614 shares of the company’s stock worth $4,569,000 after purchasing an additional 11,103 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Dollar General during the 2nd quarter worth about $336,000. Finally, Waverton Investment Management Ltd acquired a new position in shares of Dollar General during the 2nd quarter worth about $11,038,000. Institutional investors own 91.61% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on DG. Deutsche Bank Aktiengesellschaft cut their price objective on Dollar General from $266.00 to $265.00 and set a “buy” rating for the company in a research report on Monday, August 29th. Oppenheimer upped their price target on Dollar General from $240.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, July 19th. Raymond James upped their price target on Dollar General from $260.00 to $285.00 and gave the company a “strong-buy” rating in a report on Friday, August 26th. Piper Sandler upped their price target on Dollar General from $265.00 to $273.00 and gave the company an “overweight” rating in a report on Friday, August 26th. Finally, The Goldman Sachs Group upped their price target on Dollar General from $258.00 to $296.00 and gave the company a “buy” rating in a report on Friday, August 26th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Moderate Buy” and an average target price of $269.85.
Dollar General Trading Down 2.2 %
Dollar General (NYSE:DG – Get Rating) last released its quarterly earnings results on Thursday, August 25th. The company reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.05. The business had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.40 billion. Dollar General had a return on equity of 37.64% and a net margin of 6.55%. Dollar General’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.69 EPS. Equities analysts anticipate that Dollar General Co. will post 11.57 earnings per share for the current fiscal year.
Dollar General Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 4th will be given a dividend of $0.55 per share. The ex-dividend date is Monday, October 3rd. This represents a $2.20 dividend on an annualized basis and a yield of 0.92%. Dollar General’s dividend payout ratio (DPR) is presently 21.91%.
Insider Buying and Selling
In related news, CEO Todd J. Vasos sold 108,145 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $239.18, for a total transaction of $25,866,121.10. Following the sale, the chief executive officer now directly owns 85,369 shares in the company, valued at approximately $20,418,557.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Dollar General news, CAO Anita C. Elliott sold 5,000 shares of the stock in a transaction on Friday, June 24th. The stock was sold at an average price of $247.11, for a total value of $1,235,550.00. Following the transaction, the chief accounting officer now directly owns 16,279 shares in the company, valued at approximately $4,022,703.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Todd J. Vasos sold 108,145 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $239.18, for a total value of $25,866,121.10. Following the completion of the transaction, the chief executive officer now owns 85,369 shares in the company, valued at $20,418,557.42. The disclosure for this sale can be found here. Insiders have sold a total of 280,422 shares of company stock worth $67,506,787 in the last three months. Insiders own 0.73% of the company’s stock.
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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