Diversified Trust Co Cuts Holdings in Dollar General Co. (NYSE:DG)

Diversified Trust Co lowered its holdings in Dollar General Co. (NYSE:DG) by 3.4% in the 3rd quarter, Holdings Channel reports. The firm owned 4,722 shares of the company’s stock after selling 167 shares during the period. Diversified Trust Co’s holdings in Dollar General were worth $399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DG. Bank & Trust Co bought a new position in shares of Dollar General during the 2nd quarter valued at $26,000. Fortis Group Advisors LLC grew its position in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar General during the second quarter valued at approximately $33,000. Studio Investment Management LLC boosted its stake in shares of Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after acquiring an additional 153 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Dollar General during the 2nd quarter worth $37,000. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on DG shares. Morgan Stanley cut Dollar General from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $170.00 to $100.00 in a report on Friday, August 30th. Evercore ISI lowered their price objective on Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research report on Friday, August 30th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Finally, The Goldman Sachs Group decreased their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.15.

Insider Buying and Selling

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Stock Performance

NYSE DG opened at $82.42 on Friday. The stock has a market capitalization of $18.12 billion, a PE ratio of 12.00, a P/E/G ratio of 2.52 and a beta of 0.44. Dollar General Co. has a 1-year low of $77.96 and a 1-year high of $168.07. The business has a 50 day simple moving average of $98.81 and a two-hundred day simple moving average of $123.39. 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 (NYSE:DG) last announced 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 return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the prior year, the firm posted $2.13 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts predict that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

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.