Arkfeld Wealth Strategies L.L.C. Sells 3,279 Shares of Dollar General Co. (NYSE:DG)

Arkfeld Wealth Strategies L.L.C. lowered its position in Dollar General Co. (NYSE:DG) by 51.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,091 shares of the company’s stock after selling 3,279 shares during the quarter. Arkfeld Wealth Strategies L.L.C.’s holdings in Dollar General were worth $261,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. NBC Securities Inc. grew its position in shares of Dollar General by 13.3% during the third quarter. NBC Securities Inc. now owns 2,058 shares of the company’s stock worth $174,000 after purchasing an additional 241 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in Dollar General by 8,204.6% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 142,174 shares of the company’s stock valued at $12,024,000 after buying an additional 140,462 shares in the last quarter. Creative Planning raised its position in shares of Dollar General by 148.9% during the third quarter. Creative Planning now owns 144,050 shares of the company’s stock valued at $12,182,000 after buying an additional 86,176 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Dollar General by 8.5% in the third quarter. Wedge Capital Management L L P NC now owns 115,096 shares of the company’s stock worth $9,734,000 after buying an additional 9,019 shares in the last quarter. Finally, Stablepoint Partners LLC boosted its position in shares of Dollar General by 7.8% during the third quarter. Stablepoint Partners LLC now owns 8,213 shares of the company’s stock worth $695,000 after acquiring an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DG shares. Argus decreased their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $168.00 to $103.00 in a research note on Friday, August 30th. BMO Capital Markets dropped their price objective on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday, August 30th. Finally, Bank of America decreased their target price on shares of Dollar General from $118.00 to $95.00 and set an “underperform” 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 assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average target price of $108.11.

Dollar General Trading Up 1.7 %

Shares of NYSE:DG traded up $1.33 during trading on Tuesday, reaching $81.09. 3,087,939 shares of the company were exchanged, compared to its average volume of 3,081,233. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The firm has a market capitalization of $17.83 billion, a PE ratio of 11.61, a P/E/G ratio of 2.42 and a beta of 0.44. The business’s fifty day simple moving average is $96.41 and its 200-day simple moving average is $121.68. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last issued its 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 firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $2.13 earnings per share. On average, research analysts anticipate that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

Insider Buying and Selling

In other news, Director Warren F. Bryant purchased 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the acquisition, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was 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 directly owns 41,030 shares in the company, valued at $3,298,812. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.

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.