Arkfeld Wealth Strategies L.L.C. Sells 208 Shares of Dollar General Co. (NYSE:DG)

Arkfeld Wealth Strategies L.L.C. reduced its position in shares of Dollar General Co. (NYSE:DG) by 6.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,883 shares of the company’s stock after selling 208 shares during the quarter. Arkfeld Wealth Strategies L.L.C.’s holdings in Dollar General were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DG. Quarry LP acquired a new stake in Dollar General during the second quarter worth about $46,000. Pathway Financial Advisers LLC boosted its stake in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Dollar General in the 3rd quarter valued at approximately $33,000. ORG Wealth Partners LLC bought a new position in Dollar General in the 3rd quarter valued at approximately $57,000. Finally, Bruce G. Allen Investments LLC raised its holdings in Dollar General by 37.7% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after buying an additional 217 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on DG. The Goldman Sachs Group lowered their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday. Telsey Advisory Group reduced their price target 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. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, December 6th. Evercore ISI lowered their target price on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $96.77.

Dollar General Stock Performance

NYSE DG opened at $71.91 on Friday. The company has a market cap of $15.81 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44. The stock’s 50 day simple moving average is $75.00 and its 200-day simple moving average is $89.88. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business earned $1.26 EPS. Dollar General’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

About Dollar General

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.