US Bancorp DE Sells 7,584 Shares of Dollar General Co. (NYSE:DG)

US Bancorp DE lessened its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 28.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 19,058 shares of the company's stock after selling 7,584 shares during the quarter. US Bancorp DE's holdings in Dollar General were worth $1,612,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DG. Capital International Investors boosted its position in shares of Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company's stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Dollar General by 11.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company's stock worth $3,155,141,000 after buying an additional 2,031,593 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company's stock valued at $169,257,000 after acquiring an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company's stock valued at $122,324,000 after acquiring an additional 704,639 shares during the period. Finally, Interval Partners LP bought a new position in Dollar General during the first quarter worth $87,081,000. Institutional investors own 91.77% of the company's stock.

Insider Buying and Selling

In other Dollar General news, Director Warren F. Bryant purchased 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Dollar General news, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now owns 41,030 shares of the company's stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Warren F. Bryant bought 1,000 shares of the company's stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the transaction, the director now owns 42,030 shares of the company's stock, valued at approximately $3,397,284.90. This represents a 0.00 % 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 insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DG shares. Daiwa America lowered shares of Dollar General from a "moderate buy" rating to a "hold" rating in a report on Wednesday, September 4th. 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 note on Tuesday, August 27th. Barclays lowered their target price on Dollar General from $154.00 to $102.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 3rd. Loop Capital reduced their price target on shares of Dollar General from $130.00 to $90.00 and set a "hold" rating for the company in a research report on Friday, August 30th. Finally, UBS Group lowered their price objective on shares of Dollar General from $155.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $107.05.

Dollar General Stock Performance

Shares of Dollar General stock traded down $1.07 during trading hours on Friday, hitting $77.00. 3,882,907 shares of the company's stock traded hands, compared to its average volume of 3,180,598. The company has a fifty day simple moving average of $82.44 and a 200-day simple moving average of $112.68. 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 stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.40 and a beta of 0.45. Dollar General Co. has a 12-month low of $76.76 and a 12-month high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results 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 during the quarter, compared to analysts' expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Equities research analysts anticipate that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders 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 annualized dividend and a dividend yield of 3.06%. Dollar General's payout ratio is 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.