Pittenger & Anderson Inc. Has $82,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Pittenger & Anderson Inc. reduced its stake in Dollar General Co. (NYSE:DG) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 600 shares of the company’s stock after selling 600 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Dollar General were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in Dollar General in the fourth quarter worth approximately $25,000. Studio Investment Management LLC bought a new position in Dollar General during the third quarter worth $26,000. MV Capital Management Inc. grew its holdings in Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the period. Covestor Ltd increased its stake in Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after purchasing an additional 99 shares in the last quarter. Finally, Lowe Wealth Advisors LLC bought a new position in shares of Dollar General during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on DG. Morgan Stanley boosted their price objective on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Raymond James lifted their price objective on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Argus raised their price target on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. BMO Capital Markets boosted their price objective on Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group raised their target price on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $153.08.

Dollar General Stock Performance

Shares of NYSE DG traded down $0.13 during midday trading on Friday, hitting $142.52. The company’s stock had a trading volume of 721,215 shares, compared to its average volume of 2,306,629. The stock has a fifty day moving average price of $150.36 and a 200 day moving average price of $135.18. The firm has a market capitalization of $31.31 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 2.56 and a beta of 0.42. Dollar General Co. has a one year low of $101.09 and a one year high of $222.99. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the firm posted $2.96 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, research analysts forecast that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s payout ratio is presently 31.22%.

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.