Rehmann Capital Advisory Group lowered its position in shares of Dollar General Co. (NYSE:DG – Get Rating) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,308 shares of the company’s stock after selling 199 shares during the period. Rehmann Capital Advisory Group’s holdings in Dollar General were worth $291,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new stake in shares of Dollar General during the fourth quarter worth about $25,000. Toth Financial Advisory Corp acquired a new position in Dollar General in the first quarter valued at approximately $32,000. Cambridge Trust Co. lifted its holdings in Dollar General by 130.9% in the first quarter. Cambridge Trust Co. now owns 157 shares of the company’s stock valued at $35,000 after acquiring an additional 89 shares during the period. Covestor Ltd acquired a new position in Dollar General in the fourth quarter valued at approximately $39,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in Dollar General in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 91.61% of the company’s stock.
Dollar General Stock Performance
NYSE DG opened at $243.79 on Friday. The stock has a market cap of $54.99 billion, a PE ratio of 24.28, a P/E/G ratio of 1.91 and a beta of 0.42. The company has a current ratio of 1.02, a quick ratio of 0.10 and a debt-to-equity ratio of 0.69. Dollar General Co. has a twelve month low of $183.25 and a twelve month high of $262.20. The stock has a fifty day simple moving average of $247.49 and a 200-day simple moving average of $236.05.
Dollar General Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 4th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Monday, October 3rd. Dollar General’s dividend payout ratio (DPR) is 21.91%.
Insider Activity at Dollar General
In related news, CFO John W. Garratt sold 9,570 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $238.11, for a total transaction of $2,278,712.70. Following the completion of the transaction, the chief financial officer now directly owns 24,727 shares in the company, valued at approximately $5,887,745.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dollar General news, CFO John W. Garratt sold 9,570 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $238.11, for a total value of $2,278,712.70. Following the sale, the chief financial officer now owns 24,727 shares of the company’s stock, valued at approximately $5,887,745.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anita C. Elliott sold 5,000 shares of the stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $247.11, for a total value of $1,235,550.00. Following the completion of the sale, the chief accounting officer now directly owns 16,279 shares in the company, valued at approximately $4,022,703.69. The disclosure for this sale can be found here. Insiders sold 280,422 shares of company stock worth $67,506,787 in the last three months. 0.73% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on DG shares. Deutsche Bank Aktiengesellschaft decreased their price target on Dollar General from $266.00 to $265.00 and set a “buy” rating for the company in a report on Monday, August 29th. Oppenheimer upped their target price on Dollar General from $240.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 19th. Morgan Stanley upped their target price on Dollar General from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, August 26th. The Goldman Sachs Group boosted their price target on Dollar General from $258.00 to $296.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Finally, BMO Capital Markets cut Dollar General from an “outperform” rating to a “market perform” rating and set a $265.00 price target for the company. in a research report on Monday, August 15th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dollar General has an average rating of “Moderate Buy” and a consensus price target of $269.85.
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.
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