AMG National Trust Bank Purchases New Holdings in Dollar General Co. (NYSE:DG)

AMG National Trust Bank bought a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,455 shares of the company's stock, valued at approximately $2,491,000.

Other institutional investors also recently bought and sold shares of the company. Equity Investment Corp raised its stake in shares of Dollar General by 60.8% in the third quarter. Equity Investment Corp now owns 951,329 shares of the company's stock valued at $80,454,000 after acquiring an additional 359,757 shares in the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of Dollar General by 45.6% in the 3rd quarter. Clarkston Capital Partners LLC now owns 644,140 shares of the company's stock valued at $54,475,000 after buying an additional 201,692 shares during the period. Swiss National Bank grew its position in shares of Dollar General by 0.3% during the third quarter. Swiss National Bank now owns 652,600 shares of the company's stock worth $55,190,000 after buying an additional 2,100 shares in the last quarter. AM Squared Ltd increased its stake in shares of Dollar General by 33.3% during the third quarter. AM Squared Ltd now owns 1,600 shares of the company's stock worth $135,000 after buying an additional 400 shares during the period. Finally, Sather Financial Group Inc raised its holdings in Dollar General by 78.5% in the third quarter. Sather Financial Group Inc now owns 490,168 shares of the company's stock valued at $41,454,000 after acquiring an additional 215,507 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DG has been the subject of a number of analyst reports. Telsey Advisory Group downgraded shares of Dollar General from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Sanford C. Bernstein started coverage on Dollar General in a report on Tuesday, October 22nd. They issued an "outperform" rating and a $98.00 price objective on the stock. The Goldman Sachs Group decreased their target price on Dollar General from $169.00 to $122.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Wells Fargo & Company dropped their price target on shares of Dollar General from $145.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 27th. Finally, BMO Capital Markets reduced their price objective on shares of Dollar General from $90.00 to $80.00 and set a "market perform" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $104.00.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Warren F. Bryant acquired 1,000 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now directly owns 42,030 shares of the company's stock, valued at approximately $3,397,284.90. This represents a 2.44 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares of the company's stock, valued at $762,819.75. This represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Dollar General Price Performance

NYSE DG traded down $0.44 on Tuesday, reaching $76.65. The company's stock had a trading volume of 1,540,534 shares, compared to its average volume of 3,192,608. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $81.77 and a 200 day moving average price of $109.57. Dollar General Co. has a 52 week low of $73.51 and a 52 week high of $168.07. The firm has a market cap of $16.86 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.45.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly 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). The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 earnings per share. Sell-side analysts expect that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.08%. Dollar General's dividend payout ratio (DPR) is presently 36.65%.

Dollar General 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.