Assetmark Inc. Lowers Holdings in Dollar General Co. (NYSE:DG)

Assetmark Inc. lowered its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 34.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,735 shares of the company's stock after selling 17,303 shares during the quarter. Assetmark Inc.'s holdings in Dollar General were worth $2,768,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Dollar General from $169.00 to $122.00 and set a "buy" rating for the company in a report on Friday, August 30th. Telsey Advisory Group cut shares of Dollar General from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered their target price on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. BMO Capital Markets cut their price target on Dollar General from $130.00 to $90.00 and set a "market perform" rating for the company in a research note on Friday, August 30th. Finally, Truist Financial dropped their price objective on Dollar General from $135.00 to $130.00 and set a "hold" rating for the company in a research note on Monday, August 26th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $107.05.

Insiders Place Their Bets

In other news, EVP Roderick J. West sold 2,510 shares of the firm'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 in the company, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Warren F. Bryant acquired 500 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $80.40 per share, with a total value of $40,200.00. Following the acquisition, the director now owns 41,030 shares in the company, 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 owned by insiders.

Dollar General Price Performance

Shares of NYSE:DG traded up $0.27 on Thursday, reaching $77.05. The company's stock had a trading volume of 2,818,465 shares, compared to its average volume of 3,197,479. The company has a 50-day simple moving average of $82.05 and a 200 day simple moving average of $111.07. Dollar General Co. has a 52-week low of $73.51 and a 52-week high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The company has a market cap of $16.94 billion, a P/E ratio of 11.92, a PEG ratio of 2.20 and a beta of 0.45.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS 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 company had revenue of $10.21 billion during the quarter, compared to analysts' expectations of $10.37 billion. During the same quarter in the prior year, the business posted $2.13 EPS. The company's revenue was up 4.2% on a year-over-year basis. As a group, 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 $0.59 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.06%. Dollar General's dividend payout ratio is presently 36.65%.

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.