Dollar General Co. (NYSE:DG) Shares Sold by KPP Advisory Services LLC

KPP Advisory Services LLC reduced its holdings in Dollar General Co. (NYSE:DG) by 30.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,951 shares of the company’s stock after selling 1,288 shares during the period. KPP Advisory Services LLC’s holdings in Dollar General were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its holdings in Dollar General by 85.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock valued at $7,683,000 after buying an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. purchased a new stake in shares of Dollar General in the third quarter valued at about $5,650,000. Lecap Asset Management Ltd. increased its position in Dollar General by 231.6% during the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares during the last quarter. Cetera Investment Advisers raised its stake in Dollar General by 278.1% during the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after purchasing an additional 47,534 shares during the period. Finally, Kiltearn Partners LLP purchased a new position in Dollar General during the second quarter worth about $9,587,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DG shares. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Melius Research began coverage on shares of Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 price target for the company. Sanford C. Bernstein assumed coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target on the stock. HSBC lowered their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Friday. Finally, The Goldman Sachs Group cut their target price on Dollar General from $169.00 to $122.00 and set a “buy” 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 issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Dollar General has an average rating of “Hold” and a consensus target price of $104.45.

Dollar General Stock Performance

NYSE:DG opened at $75.88 on Friday. Dollar General Co. has a 12 month low of $73.51 and a 12 month high of $168.07. 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 $16.69 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.24 and a beta of 0.45. The business’s fifty day moving average price is $81.85 and its 200 day moving average price is $110.18.

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). The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 EPS. On average, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is currently 36.65%.

Insider Activity at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 purchase, the director now owns 41,030 shares in the company, valued at $3,298,812. The trade was a 1.23 % 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.

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.