Venture Visionary Partners LLC Lowers Stock Holdings in Dollar General Co. (NYSE:DG)

Venture Visionary Partners LLC reduced its position in Dollar General Co. (NYSE:DG) by 93.1% in the third quarter, Holdings Channel.com reports. The fund owned 3,455 shares of the company’s stock after selling 46,510 shares during the quarter. Venture Visionary Partners LLC’s holdings in Dollar General were worth $292,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in 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 period. Cetera Investment Advisers raised its position in shares of Dollar General by 278.1% in the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after buying an additional 47,534 shares in the last quarter. Kiltearn Partners LLP bought a new stake in Dollar General during the second quarter valued at $9,587,000. MBB Public Markets I LLC grew 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 buying an additional 13,777 shares in the last quarter. Finally, Nexus Investment Management ULC increased its stake in Dollar General by 32.3% in the 3rd 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.

Insiders Place Their Bets

In related news, Director Warren F. Bryant bought 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the purchase, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the purchase, the director now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DG. Evercore ISI cut their price objective on Dollar General from $115.00 to $105.00 and set an “in-line” rating for the company in a report on Tuesday. Gordon Haskett lowered shares of 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. Loop Capital dropped their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Raymond James cut their target price on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Finally, BMO Capital Markets lowered their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $107.84.

Dollar General Stock Performance

Dollar General stock opened at $81.04 on Thursday. 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 firm has a market cap of $17.82 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 1-year low of $77.96 and a 1-year high of $168.07. The firm has a 50-day moving average of $91.23 and a 200-day moving average of $118.19.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Tuesday, October 8th. Dollar General’s 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.