Dollar General Co. (NYSE:DG) Shares Acquired by Beddow Capital Management Inc.

Beddow Capital Management Inc. grew its holdings in Dollar General Co. (NYSE:DG - Free Report) by 95.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 65,545 shares of the company's stock after buying an additional 32,022 shares during the quarter. Dollar General makes up about 2.3% of Beddow Capital Management Inc.'s investment portfolio, making the stock its 20th largest holding. Beddow Capital Management Inc.'s holdings in Dollar General were worth $5,543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Covestor Ltd raised its position in shares of Dollar General by 118.5% in the 1st quarter. Covestor Ltd now owns 826 shares of the company's stock worth $130,000 after acquiring an additional 448 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Dollar General by 22.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,260 shares of the company's stock worth $2,069,000 after acquiring an additional 2,439 shares in the last quarter. UniSuper Management Pty Ltd raised its position in shares of Dollar General by 310.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 8,705 shares of the company's stock worth $1,359,000 after acquiring an additional 6,583 shares in the last quarter. Lake Street Advisors Group LLC raised its position in shares of Dollar General by 407.3% in the 1st quarter. Lake Street Advisors Group LLC now owns 8,132 shares of the company's stock worth $1,269,000 after acquiring an additional 6,529 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Dollar General by 4.9% in the 1st quarter. National Bank of Canada FI now owns 170,939 shares of the company's stock worth $26,677,000 after acquiring an additional 7,986 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DG shares. Wells Fargo & Company reduced their price objective on Dollar General from $145.00 to $130.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 27th. Loop Capital reduced their price objective on Dollar General from $130.00 to $90.00 and set a "hold" rating for the company in a research report on Friday, August 30th. Sanford C. Bernstein started coverage on Dollar General in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 price objective for the company. Bernstein Bank reduced their price objective on Dollar General from $98.00 to $94.00 in a research report on Friday. Finally, Melius Research began coverage on Dollar General in a research report on Monday, September 23rd. They set a "hold" rating and a $85.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $104.00.

Dollar General Trading Down 0.7 %

DG stock traded down $0.53 during midday trading on Tuesday, hitting $76.56. 1,556,212 shares of the company's stock were exchanged, compared to its average volume of 3,192,254. Dollar General Co. has a 1-year low of $73.51 and a 1-year high of $168.07. The business has a 50-day simple moving average of $81.77 and a two-hundred day simple moving average of $109.57. The stock has a market capitalization of $16.84 billion, a PE ratio of 11.97, a P/E/G ratio of 2.22 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data 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). The company 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%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 EPS. On average, sell-side analysts predict that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid 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 dividend yield of 3.08%. Dollar General's payout ratio is currently 36.65%.

Insider Activity at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the sale, the executive vice president now directly owns 2,887 shares of the company's stock, valued at $250,187.42. This represents a 41.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the business's stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now owns 41,030 shares of the company's stock, valued at $3,298,812. This trade represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.