Dollar General Co. (NYSE:DG) Stock Holdings Increased by Hamel Associates Inc.

Hamel Associates Inc. increased its position in Dollar General Co. (NYSE:DG) by 3.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 53,512 shares of the company’s stock after acquiring an additional 1,591 shares during the period. Hamel Associates Inc.’s holdings in Dollar General were worth $4,525,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Industrial Alliance Investment Management Inc. increased its holdings in Dollar General by 3.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after buying an additional 80 shares during the last quarter. Pullen Investment Management LLC grew its holdings in Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after purchasing an additional 87 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock valued at $375,000 after purchasing an additional 103 shares during the last quarter. Finally, Wedbush Securities Inc. grew its holdings in Dollar General by 7.3% during the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock valued at $220,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on DG shares. 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 report on Friday, August 30th. Truist Financial lowered their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Evercore ISI lowered their price objective on shares of Dollar General from $115.00 to $105.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 22nd. Bank of America lowered their price objective on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research note on Friday, August 30th. Finally, Barclays lowered their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Dollar General presently has an average rating of “Hold” and an average price target of $107.05.

Dollar General Stock Down 1.5 %

DG opened at $75.11 on Wednesday. The firm’s 50-day simple moving average is $82.13 and its 200-day simple moving average is $111.31. 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 twelve month low of $73.51 and a twelve month high of $168.07. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 2.23 and a beta of 0.45.

Dollar General (NYSE:DG) last posted its earnings results 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 firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the company posted $2.13 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.14%. Dollar General’s dividend payout ratio (DPR) is 36.65%.

Insider Buying and Selling

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