Dollar General Co. (NYSE:DG) Shares Sold by Assetmark Inc.

Assetmark Inc. decreased its position in Dollar General Co. (NYSE:DG) by 34.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,735 shares of the company’s stock after selling 17,303 shares during the quarter. Assetmark Inc.’s holdings in Dollar General were worth $2,768,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Bank & Trust Co acquired a new position in Dollar General in the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar General in the second quarter worth $33,000. Studio Investment Management LLC lifted its stake in 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 during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Dollar General during the second quarter valued at $37,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Dollar General in the 2nd quarter worth about $39,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Up 2.2 %

DG stock opened at $76.77 on Thursday. The company’s 50 day simple moving average is $82.13 and its 200-day simple moving average is $111.31. Dollar General Co. has a 52-week low of $73.51 and a 52-week 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 firm has a market capitalization of $16.88 billion, a P/E ratio of 11.92, a P/E/G ratio of 2.20 and a beta of 0.45.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business 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%. Dollar General’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.13 EPS. As a group, equities research analysts anticipate that Dollar General Co. will post 5.86 EPS for the current 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 dividend payout ratio (DPR) is presently 36.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DG shares. Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price target on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Truist Financial cut 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 note on Monday, August 26th. Raymond James lowered their target price on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Finally, Telsey Advisory Group lowered shares of Dollar General from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus target price of $107.05.

Insider Activity

In related news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 price of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now owns 41,030 shares in the company, valued at $3,298,812. The trade was 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.

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.