Empowered Funds LLC grew its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 53.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,150 shares of the company's stock after acquiring an additional 10,213 shares during the quarter. Empowered Funds LLC's holdings in Dollar General were worth $2,465,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of Dollar General by 85.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company's stock worth $7,683,000 after buying an additional 26,813 shares during the last quarter. 1834 Investment Advisors Co. purchased a new position in shares of Dollar General in the third quarter worth approximately $5,650,000. Lecap Asset Management Ltd. boosted its holdings in shares of Dollar General by 231.6% in the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company's stock worth $3,168,000 after buying an additional 26,165 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of 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 during the last quarter. Finally, Kiltearn Partners LLP bought a new stake in shares of Dollar General during the second quarter valued at approximately $9,587,000. Hedge funds and other institutional investors own 91.77% of the company's stock.
Insider Buying and Selling
In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the business's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.
Dollar General Trading Down 5.1 %
Shares of DG traded down $3.92 during trading hours on Wednesday, reaching $72.58. 4,044,453 shares of the company traded hands, compared to its average volume of 3,199,599. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07. The stock's fifty day moving average price is $81.69 and its 200 day moving average price is $109.14. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 11.88, a PEG 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 released 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion during the quarter, compared to analysts' expectations of $10.37 billion. During the same period last year, the company earned $2.13 earnings per share. The firm's revenue was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that Dollar General Co. will post 5.86 earnings per share for the current year.
Dollar General Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General's dividend payout ratio (DPR) is presently 36.65%.
Analyst Ratings Changes
DG has been the topic of several recent analyst reports. Oppenheimer reiterated a "market perform" rating on shares of Dollar General in a research report on Monday, August 26th. Truist Financial reduced their price objective on shares of Dollar General from $135.00 to $130.00 and set a "hold" rating on the stock in a research report on Monday, August 26th. Evercore ISI reduced their price objective on shares of Dollar General from $101.00 to $97.00 and set a "hold" rating on the stock in a research report on Friday, November 15th. Gordon Haskett upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Finally, Bernstein Bank reduced their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $104.00.
Read Our Latest Analysis on DG
Dollar General Company Profile
(
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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