Jacobi Capital Management LLC reduced its holdings in Dollar General Co. (NYSE:DG – Get Rating) by 9.2% in the 1st quarter, according to its most recent disclosure 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 reporting period.
Several other large investors also recently modified their holdings of DG. Delos Wealth Advisors LLC bought a new position in shares of Dollar General during the fourth quarter worth about $25,000. FSB Premier Wealth Management Inc. bought a new position in shares of Dollar General during the fourth quarter worth about $26,000. Sandy Cove Advisors LLC bought a new position in shares of Dollar General during the fourth quarter worth about $28,000. Toth Financial Advisory Corp acquired a new position in shares of Dollar General during the 1st quarter worth approximately $32,000. Finally, Covestor Ltd acquired a new position in shares of Dollar General during the 4th quarter worth approximately $39,000. 94.86% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, 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 sale, the director now owns 22,793 shares of the company’s stock, valued at $5,050,700.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Anita C. Elliott sold 5,000 shares of the stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $247.11, for a total value of $1,235,550.00. Following the completion of the transaction, the chief accounting officer now owns 16,279 shares of the company’s stock, valued at $4,022,703.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patricia Filikrushel sold 5,289 shares of the stock in a transaction dated Tuesday, May 31st. The stock was 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 directly owns 22,793 shares of the company’s stock, valued at approximately $5,050,700.87. The disclosure for this sale can be found here. Insiders sold 13,288 shares of company stock valued at $3,089,602 over the last quarter. 0.73% of the stock is owned by company insiders.
Dollar General Trading Up 0.7 %
Dollar General (NYSE:DG – Get Rating) last released its quarterly earnings results on Thursday, May 26th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.32 by $0.09. Dollar General had a net margin of 6.58% and a return on equity of 37.05%. The business had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the prior year, the company posted $2.82 earnings per share. Dollar General’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar General Co. will post 11.49 earnings per share for the current year.
Dollar General Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, July 1st. This represents a $2.20 annualized dividend and a yield of 0.87%. Dollar General’s dividend payout ratio is 22.56%.
Analyst Ratings Changes
DG has been the subject of several analyst reports. Citigroup cut shares of Dollar General from a “buy” rating to a “neutral” rating and set a $258.00 target price for the company. in a research note on Thursday, July 14th. Telsey Advisory Group lowered their target price on shares of Dollar General from $265.00 to $230.00 and set an “outperform” rating on the stock in a report on Tuesday, May 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Dollar General from $242.00 to $234.00 in a report on Wednesday, May 25th. StockNews.com downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a report on Friday, May 27th. Finally, Morgan Stanley upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $225.00 to $250.00 in a report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $251.69.
Dollar General 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.
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