Weaver Capital Management LLC Acquires 719 Shares of Dollar General Co. (NYSE:DG)

Weaver Capital Management LLC lifted its holdings in shares of Dollar General Co. (NYSE:DG) by 9.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,680 shares of the company’s stock after acquiring an additional 719 shares during the quarter. Weaver Capital Management LLC’s holdings in Dollar General were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its holdings in Dollar General by 12.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after purchasing an additional 76 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in Dollar General by 3.3% in the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after purchasing an additional 77 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its stake in shares of Dollar General by 3.5% in the first 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 grew its stake in shares of Dollar General by 4.3% in the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after acquiring an additional 87 shares during the last quarter. Finally, Rise Advisors LLC grew its stake in shares of Dollar General by 14.8% in the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock worth $109,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DG. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Raymond James dropped their price objective on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $170.00 to $100.00 in a research report on Friday, August 30th. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Friday, August 30th. Finally, The Goldman Sachs Group dropped their price objective on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $113.95.

Dollar General Trading Down 4.3 %

DG opened at $80.20 on Wednesday. The stock has a fifty day moving average price of $120.33 and a 200-day moving average price of $135.34. Dollar General Co. has a 12 month low of $80.20 and a 12 month high of $168.07. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 2.25 and a beta of 0.43. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Dollar General Co. will post 6.45 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. 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 2.94%. Dollar General’s payout ratio is currently 34.35%.

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.