2,676 Shares in Dollar General Co. (NYSE:DG) Bought by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC bought a new position in shares of Dollar General Co. (NYSE:DG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,676 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Capital International Investors increased its stake in Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after purchasing an additional 2,031,593 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Dollar General by 148.6% during the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after buying an additional 765,206 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Dollar General by 319.6% during the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after buying an additional 704,639 shares during the last quarter. Finally, Interval Partners LP acquired a new position in shares of Dollar General during the first quarter valued at about $87,081,000. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

Shares of DG stock opened at $81.56 on Wednesday. The firm’s 50-day simple moving average is $83.61 and its two-hundred day simple moving average is $113.63. Dollar General Co. has a 52 week low of $77.96 and a 52 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 firm has a market cap of $17.94 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 2.39 and a beta of 0.45.

Dollar General (NYSE:DG) last posted its quarterly 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). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period last year, the firm earned $2.13 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts forecast that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 36.65%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of analyst reports. Sanford C. Bernstein initiated coverage on shares of Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price objective for the company. Melius Research initiated coverage on shares of Dollar General in a report on Monday, September 23rd. They set a “hold” rating and a $85.00 price objective for the company. Argus reduced their price objective on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a report on Monday, July 15th. Gordon Haskett cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Friday, August 30th. Finally, Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $107.05.

Insider Activity

In other Dollar General news, Director Warren F. Bryant purchased 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now directly owns 42,030 shares in the company, valued at approximately $3,397,284.90. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Warren F. Bryant bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.