Dollar General Co. (NYSE:DG) Shares Sold by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. reduced its holdings in Dollar General Co. (NYSE:DG) by 48.2% during the 4th quarter, Holdings Channel reports. The firm owned 430 shares of the company’s stock after selling 400 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Dollar General were worth $33,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC grew its position in shares of Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after buying an additional 88 shares in the last quarter. Lummis Asset Management LP grew its holdings in Dollar General by 1.2% during the 2nd quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock worth $1,245,000 after acquiring an additional 115 shares in the last quarter. Metis Global Partners LLC grew its holdings in Dollar General by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after acquiring an additional 135 shares in the last quarter. Empirical Finance LLC increased its position in shares of Dollar General by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after purchasing an additional 153 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Dollar General by 20.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock worth $72,000 after purchasing an additional 161 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Trading Up 1.1 %

Shares of DG stock opened at $69.35 on Friday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $75.88 and its two-hundred day moving average is $92.44. The company has a market capitalization of $15.25 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 2.12 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the business earned $1.26 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.40%. Dollar General’s payout ratio is currently 38.88%.

Wall Street Analyst Weigh In

DG has been the topic of a number of analyst reports. Melius Research assumed coverage on Dollar General in a research note on Monday, September 23rd. They issued a “hold” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Sanford C. Bernstein assumed coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target on the stock. Telsey Advisory Group reduced their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. Finally, Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their target price for the company from $91.00 to $73.00 in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $98.18.

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.