Dollar General Co. (NYSE:DG) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in shares of Dollar General Co. (NYSE:DG) by 28.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,156 shares of the company’s stock after selling 17,519 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Dollar General were worth $3,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. BOKF NA grew its position in Dollar General by 214.9% during the first quarter. BOKF NA now owns 6,121 shares of the company’s stock worth $963,000 after buying an additional 4,177 shares during the period. Bayesian Capital Management LP acquired a new position in Dollar General during the first quarter worth about $1,397,000. Interval Partners LP acquired a new position in Dollar General during the first quarter worth about $87,081,000. Industrial Alliance Investment Management Inc. grew its position in Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after buying an additional 80 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its position in Dollar General by 18.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,580 shares of the company’s stock worth $1,339,000 after buying an additional 1,317 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DG has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Bank of America lowered their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday, August 30th. Sanford C. Bernstein initiated coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target on the stock. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Bernstein Bank lowered 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $104.00.

Dollar General Stock Performance

Shares of DG stock opened at $74.93 on Monday. The company’s fifty day simple moving average is $81.16 and its 200-day simple moving average is $107.79. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The company has a market cap of $16.48 billion, a PE ratio of 11.64, a P/E/G ratio of 2.16 and a beta of 0.45.

Dollar General (NYSE:DG) last issued its 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). 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%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 EPS. As a group, equities research analysts anticipate that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s payout ratio is 36.65%.

Insider Activity at Dollar General

In other news, Director Warren F. Bryant purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. This trade represents a 2.44 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General 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.