Dollar General Co. (NYSE:DG) Shares Sold by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. cut its holdings in shares of Dollar General Co. (NYSE:DG) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,870 shares of the company’s stock after selling 166 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Dollar General were worth $512,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Burkett Financial Services LLC purchased a new position in Dollar General during the fourth quarter worth about $26,000. Fortis Group Advisors LLC lifted its stake in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Bank & Trust Co purchased a new position in shares of Dollar General during the 2nd quarter worth $26,000. Salem Investment Counselors Inc. increased its position in shares of Dollar General by 104.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar General in the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 1.3 %

Shares of DG traded down $1.06 during trading hours on Friday, hitting $82.97. The stock had a trading volume of 21,069,424 shares, compared to its average volume of 2,744,777. The company’s fifty day simple moving average is $122.17 and its 200 day simple moving average is $136.05. Dollar General Co. has a 12-month low of $82.68 and a 12-month high of $168.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The firm has a market cap of $18.24 billion, a P/E ratio of 12.08, a P/E/G ratio of 2.36 and a beta of 0.43.

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 analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period last year, the company posted $2.13 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 34.35%.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial cut their price target 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. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $170.00 to $100.00 in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company reduced their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $118.48.

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.