Allen Mooney & Barnes Investment Advisors LLC cut its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,677 shares of the company's stock after selling 9,497 shares during the period. Dollar General comprises approximately 1.7% of Allen Mooney & Barnes Investment Advisors LLC's portfolio, making the stock its 25th largest position. Allen Mooney & Barnes Investment Advisors LLC owned 0.06% of Dollar General worth $10,060,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General in the 3rd quarter worth about $33,000. Quarry LP bought a new position in Dollar General in the 2nd quarter worth about $46,000. Pathway Financial Advisers LLC grew its position in shares of Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company's stock valued at $50,000 after purchasing an additional 88 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Dollar General in the third quarter worth approximately $57,000. Finally, Bruce G. Allen Investments LLC raised its position in Dollar General by 37.7% during the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company's stock valued at $67,000 after purchasing an additional 217 shares in the last quarter. Institutional investors own 91.77% of the company's stock.
Dollar General Trading Down 1.2 %
DG traded down $0.82 on Wednesday, reaching $68.56. 3,485,924 shares of the company traded hands, compared to its average volume of 3,845,048. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $15.08 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 2.29 and a beta of 0.44. The firm has a fifty day simple moving average of $76.06 and a two-hundred day simple moving average of $92.61. Dollar General Co. has a one year low of $68.52 and a one year high of $168.07.
Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. As a group, equities research analysts expect that Dollar General Co. will post 5.76 earnings per share for the current year.
Dollar General Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.44%. Dollar General's dividend payout ratio (DPR) is presently 38.88%.
Wall Street Analysts Forecast Growth
DG has been the subject of a number of recent research reports. HSBC lowered their target price on Dollar General from $100.00 to $88.00 and set a "hold" rating for the company in a research note on Friday, November 15th. Gordon Haskett upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Bank of America raised shares of Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Friday, December 6th. Citigroup cut Dollar General from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Finally, The Goldman Sachs Group lowered their price objective on Dollar General from $122.00 to $104.00 and set a "buy" rating for the company in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $98.18.
View Our Latest Report on Dollar General
Insider Buying and Selling at Dollar General
In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.
Dollar General Profile
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Free Report)
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.
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