Jacobi Capital Management LLC Has $423,000 Stake in Dollar General Co. (NYSE:DG)

Jacobi Capital Management LLC decreased its stake in Dollar General Co. (NYSE:DGGet Rating) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,901 shares of the company’s stock after selling 193 shares during the quarter. Jacobi Capital Management LLC’s holdings in Dollar General were worth $423,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Metis Global Partners LLC boosted its stake in Dollar General by 79.0% in the 1st quarter. Metis Global Partners LLC now owns 3,688 shares of the company’s stock valued at $821,000 after buying an additional 1,628 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Dollar General by 3.1% in the fourth quarter. Handelsbanken Fonder AB now owns 74,635 shares of the company’s stock worth $17,601,000 after purchasing an additional 2,261 shares in the last quarter. HB Wealth Management LLC acquired a new position in Dollar General in the fourth quarter worth $912,000. Intelligent Financial Strategies acquired a new position in Dollar General in the fourth quarter worth $152,000. Finally, Arvest Trust Co. N A acquired a new position in Dollar General in the fourth quarter worth $270,000. Institutional investors and hedge funds own 94.86% of the company’s stock.

Dollar General Price Performance

Shares of DG opened at $253.08 on Friday. The company has a market cap of $57.45 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.80 and a beta of 0.40. Dollar General Co. has a 1-year low of $183.25 and a 1-year high of $262.20. The company’s fifty day simple moving average is $241.85 and its 200 day simple moving average is $227.21. The company has a current ratio of 0.97, a quick ratio of 0.09 and a debt-to-equity ratio of 0.66.

Dollar General (NYSE:DGGet Rating) last issued its earnings results on Thursday, May 26th. The company reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.09. The business had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.71 billion. Dollar General had a net margin of 6.58% and a return on equity of 37.05%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.82 earnings per share. On average, research analysts forecast that Dollar General Co. will post 11.49 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, July 1st. This represents a $2.20 annualized dividend and a dividend yield of 0.87%. Dollar General’s dividend payout ratio is currently 22.56%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Antonio Zuazo sold 2,999 shares of the company’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $227.43, for a total value of $682,062.57. Following the transaction, the executive vice president now directly owns 9,491 shares in the company, valued at $2,158,538.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Antonio Zuazo sold 2,999 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $227.43, for a total value of $682,062.57. Following the transaction, the executive vice president now directly owns 9,491 shares in the company, valued at $2,158,538.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Patricia Filikrushel sold 5,289 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $221.59, for a total transaction of $1,171,989.51. Following the completion of the transaction, the director now owns 22,793 shares in the company, valued at $5,050,700.87. The disclosure for this sale can be found here. Insiders have sold a total of 13,288 shares of company stock worth $3,089,602 over the last ninety days. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley raised Dollar General from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $225.00 to $250.00 in a research note on Thursday, June 16th. Citigroup downgraded Dollar General from a “buy” rating to a “neutral” rating and set a $258.00 price objective for the company. in a report on Thursday, July 14th. Telsey Advisory Group lowered their price target on Dollar General from $265.00 to $230.00 and set an “outperform” rating for the company in a report on Tuesday, May 24th. Gordon Haskett upgraded Dollar General from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Dollar General from $242.00 to $234.00 in a report on Wednesday, May 25th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, Dollar General currently has an average rating of “Moderate Buy” and a consensus price target of $251.69.

About Dollar General

(Get Rating)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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