Dollar General Co. (NYSE:DG) Stock Holdings Boosted by Markel Group Inc.

Markel Group Inc. lifted its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 742,250 shares of the company's stock after buying an additional 45,000 shares during the period. Markel Group Inc. owned about 0.34% of Dollar General worth $62,772,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank & Trust Co purchased a new stake in shares of Dollar General during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar General in the second quarter valued at $33,000. Studio Investment Management LLC increased its position in shares of Dollar General by 117.7% in the second quarter. Studio Investment Management LLC now owns 283 shares of the company's stock valued at $37,000 after buying an additional 153 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar General in the second quarter valued at about $37,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Dollar General in the second quarter valued at approximately $39,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Evercore ISI cut their price objective on Dollar General from $115.00 to $105.00 and set an "in-line" rating for the company in a research report on Tuesday, October 22nd. Daiwa America downgraded shares of Dollar General from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. cut their price target on Dollar General from $97.00 to $82.00 and set a "neutral" rating for the company in a report on Tuesday. Truist Financial reduced their target price on Dollar General from $135.00 to $130.00 and set a "hold" rating on the stock in a research report on Monday, August 26th. Finally, Sanford C. Bernstein started coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dollar General has an average rating of "Hold" and a consensus target price of $107.05.

Dollar General Stock Down 1.4 %

Shares of NYSE:DG traded down $1.12 during midday trading on Friday, reaching $76.95. The company had a trading volume of 3,885,503 shares, compared to its average volume of 4,427,763. Dollar General Co. has a one year low of $76.76 and a one year high of $168.07. 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 $16.92 billion, a P/E ratio of 11.95, a PEG ratio of 2.26 and a beta of 0.45. The stock's fifty day moving average price is $82.44 and its 200-day moving average price is $112.68.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS 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 firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same quarter last year, the business posted $2.13 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts expect that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders 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 yield of 3.07%. Dollar General's payout ratio is 36.65%.

Insiders Place Their Bets

In related news, Director Warren F. Bryant purchased 500 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were acquired 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 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related 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 completion of the transaction, the executive vice president now directly owns 9,163 shares of the company's stock, valued at $762,819.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Warren F. Bryant bought 500 shares of the business's stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now directly owns 41,030 shares in the company, valued at $3,298,812. 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 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.