Dollar General Co. (NYSE:DG) Shares Sold by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. lessened its holdings in Dollar General Co. (NYSE:DG) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,884 shares of the company’s stock after selling 389 shares during the quarter. Heritage Wealth Management Inc.’s holdings in Dollar General were worth $667,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DG. Texas Permanent School Fund Corp raised its stake in Dollar General by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,372 shares of the company’s stock worth $7,081,000 after acquiring an additional 511 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Dollar General by 3.3% during the first quarter. Empirical Finance LLC now owns 8,219 shares of the company’s stock worth $1,283,000 after purchasing an additional 264 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Dollar General by 31.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 19,776 shares of the company’s stock valued at $3,086,000 after buying an additional 4,780 shares during the last quarter. Hilltop National Bank acquired a new position in Dollar General in the 1st quarter worth approximately $580,000. Finally, Brooklyn Investment Group raised its position in Dollar General by 26.4% during the 1st quarter. Brooklyn Investment Group now owns 1,916 shares of the company’s stock worth $301,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Steven R. Deckard sold 2,010 shares of the 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 completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares in the company, valued at $3,397,284.90. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Price Performance

NYSE DG traded down $0.41 during trading hours on Friday, hitting $77.66. 416,653 shares of the company’s stock traded hands, compared to its average volume of 3,164,427. The company has a market capitalization of $17.08 billion, a PE ratio of 12.12, a PEG ratio of 2.40 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General Co. has a 52-week low of $76.76 and a 52-week high of $168.07. The firm’s 50-day moving average is $82.68 and its 200-day moving average is $113.38.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company 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 business posted $2.13 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company 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. This represents a $2.36 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 36.65%.

Analyst Ratings Changes

Several analysts have recently commented on DG shares. Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $91.00 to $73.00 in a report on Friday, September 27th. Morgan Stanley downgraded Dollar General from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $170.00 to $100.00 in a research note on Friday, August 30th. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $168.00 to $103.00 in a research report on Friday, August 30th. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Friday, August 30th. Finally, The Goldman Sachs Group cut their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $107.05.

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.