Allen Mooney & Barnes Investment Advisors LLC Has $12.02 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Allen Mooney & Barnes Investment Advisors LLC raised its position in shares of Dollar General Co. (NYSE:DG) by 8,204.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,174 shares of the company’s stock after purchasing an additional 140,462 shares during the period. Dollar General makes up approximately 2.0% of Allen Mooney & Barnes Investment Advisors LLC’s investment portfolio, making the stock its 16th biggest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Dollar General were worth $12,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. raised its holdings in shares of Dollar General by 85.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after buying an additional 26,813 shares in the last quarter. Cetera Investment Advisers raised its stake in Dollar General by 278.1% during the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after acquiring an additional 47,534 shares in the last quarter. Kiltearn Partners LLP bought a new position in shares of Dollar General in the second quarter worth about $9,587,000. Vanguard Group Inc. boosted its stake in shares of Dollar General by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after purchasing an additional 3,360,413 shares in the last quarter. Finally, Nexus Investment Management ULC grew its holdings in shares of Dollar General by 10.5% during the 1st quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock valued at $29,932,000 after purchasing an additional 18,280 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value 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 approximately $250,187.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related 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 transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant purchased 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Raymond James dropped their price objective on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. JPMorgan Chase & Co. dropped their price target on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $168.00 to $103.00 in a report on Friday, August 30th. Evercore ISI lowered their target price on Dollar General from $139.00 to $100.00 and set an “in-line” rating for the company in a report on Friday, August 30th. Finally, Citigroup downgraded Dollar General from a “neutral” rating to a “sell” rating and dropped their target price for the company from $91.00 to $73.00 in a research report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $108.11.

Dollar General Trading Down 3.3 %

DG opened at $79.79 on Tuesday. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The company has a fifty day moving average of $96.41 and a 200-day moving average of $121.68. The stock has a market cap of $17.55 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.13 earnings per share. On average, sell-side analysts predict that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.96%. The ex-dividend date is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

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.