Dollar General Co. (NYSE:DG) Stake Lessened by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC trimmed its holdings in shares of Dollar General Co. (NYSE:DG) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,113 shares of the company’s stock after selling 630 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Dollar General were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Capital International Investors grew its position in Dollar General by 11.3% in the first 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 in the last quarter. Price T Rowe Associates Inc. MD increased its position in Dollar General by 11.2% during 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 buying an additional 2,031,593 shares during the last quarter. Pzena Investment Management LLC bought a new position in Dollar General during the first quarter valued at about $301,738,000. Point72 Asset Management L.P. lifted its position in shares of 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 worth $169,257,000 after buying an additional 765,206 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after acquiring an additional 704,639 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Warren F. Bryant purchased 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The stock was bought 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 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. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Bank of America decreased their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Truist Financial decreased their price target on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. Morgan Stanley lowered Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $170.00 to $100.00 in a research note on Friday, August 30th. Finally, Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $108.11.

Dollar General Stock Performance

Dollar General stock opened at $80.60 on Monday. The stock has a 50-day simple moving average of $93.38 and a 200 day simple moving average of $119.55. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 11.73, 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 Co. has a 12-month low of $77.96 and a 12-month high of $168.07.

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

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.93%. Dollar General’s payout ratio is 34.35%.

About Dollar General

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.