Sentry Investment Management LLC Has $127,000 Stock Position in Dollar General Co. (NYSE:DG)

Sentry Investment Management LLC cut its stake in shares of Dollar General Co. (NYSE:DG) by 17.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 958 shares of the company’s stock after selling 196 shares during the period. Sentry Investment Management LLC’s holdings in Dollar General were worth $127,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in Dollar General by 12.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock valued at $108,000 after purchasing an additional 76 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in Dollar General by 3.3% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock valued at $378,000 after buying an additional 77 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its holdings in Dollar General by 3.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after acquiring an additional 80 shares during the last quarter. Pullen Investment Management LLC increased its position in Dollar General by 4.3% in the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after acquiring an additional 87 shares during the period. Finally, Rise Advisors LLC raised its stake in shares of Dollar General by 14.8% during the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock valued at $109,000 after acquiring an additional 90 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

In other Dollar General news, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the purchase, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Warren F. Bryant purchased 1,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were acquired at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the transaction, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Warren F. Bryant acquired 500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The disclosure for this purchase can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Stock Up 3.3 %

DG stock opened at $83.21 on Friday. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 2.41 and a beta of 0.45. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two 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 stock has a fifty day moving average of $113.67 and a 200-day moving average of $132.50.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 EPS. As a group, equities research analysts predict that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.84%. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DG shares. Piper Sandler decreased their price objective on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. UBS Group cut their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Loop Capital decreased their target price 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. Barclays reduced their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Finally, Raymond James lowered their target price on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $113.95.

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.