1,500 Shares in Dollar General Co. (NYSE:DG) Acquired by Tompkins Financial Corp

Tompkins Financial Corp acquired a new stake in Dollar General Co. (NYSE:DG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,500 shares of the company’s stock, valued at approximately $127,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DG. Capital International Investors increased its stake in Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after acquiring an additional 2,113,485 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after purchasing an additional 2,031,593 shares during the period. Point72 Asset Management L.P. raised its stake in Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after purchasing an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Dollar General by 319.6% during the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after purchasing an additional 704,639 shares during the period. Finally, Markel Group Inc. increased its holdings in Dollar General by 6.5% in the 3rd quarter. Markel Group Inc. now owns 742,250 shares of the company’s stock valued at $62,772,000 after buying an additional 45,000 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

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

Dollar General Stock Performance

NYSE:DG opened at $76.95 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a fifty-two week low of $76.76 and a fifty-two week high of $168.07. The company has a 50 day simple moving average of $82.44 and a two-hundred day simple moving average of $112.68. The company has a market capitalization of $16.92 billion, a PE ratio of 11.95, a P/E/G ratio of 2.26 and a beta of 0.45.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the previous year, the firm earned $2.13 EPS. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.07%. Dollar General’s payout ratio is presently 36.65%.

Wall Street Analyst Weigh In

DG has been the topic of several analyst reports. Evercore ISI reduced their price target on shares of Dollar General from $115.00 to $105.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 22nd. Raymond James decreased their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Barclays lowered their target price on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $107.05.

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.