Allen Mooney & Barnes Investment Advisors LLC Has $12.02 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of Dollar General Co. (NYSE:DG) by 8,204.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,174 shares of the company’s stock after purchasing an additional 140,462 shares during the quarter. Dollar General comprises about 2.0% of Allen Mooney & Barnes Investment Advisors LLC’s portfolio, making the stock its 16th biggest position. Allen Mooney & Barnes Investment Advisors LLC owned 0.06% of Dollar General worth $12,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of DG. Oppenheimer Asset Management Inc. lifted its position in Dollar General by 85.7% during 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 lifted its holdings in Dollar General by 278.1% in the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after buying an additional 47,534 shares during the period. Kiltearn Partners LLP bought a new position in Dollar General in the second quarter valued at approximately $9,587,000. Vanguard Group Inc. grew its holdings in Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. Finally, Nexus Investment Management ULC raised its position in shares of Dollar General by 10.5% during the 1st quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock valued at $29,932,000 after acquiring an additional 18,280 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Transactions at Dollar General

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James reduced their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Argus decreased their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Wells Fargo & Company cut their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Morgan Stanley cut shares of Dollar General from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $170.00 to $100.00 in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. cut their target price on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $108.11.

Dollar General Stock Performance

Shares of DG stock opened at $79.79 on Tuesday. Dollar General Co. has a 12 month low of $77.96 and a 12 month high of $168.07. The company’s fifty day simple moving average is $96.41 and its 200-day simple moving average is $121.68. The firm has a market cap of $17.55 billion, a PE ratio of 11.61, a P/E/G ratio of 2.42 and a beta of 0.44. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). The business 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%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.13 earnings per share. Equities research analysts expect that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is 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.