Gilliland Jeter Wealth Management LLC Sells 630 Shares of Dollar General Co. (NYSE:DG)

Gilliland Jeter Wealth Management LLC lessened its holdings in shares of Dollar General Co. (NYSE:DG) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,113 shares of the company’s stock after selling 630 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Dollar General were worth $2,039,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank & Trust Co bought a new position in shares of Dollar General during the second quarter worth about $26,000. Salem Investment Counselors Inc. grew its stake in shares of Dollar General by 104.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after acquiring an additional 128 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General in the second quarter valued at approximately $33,000. Crewe Advisors LLC bought a new stake in shares of Dollar General in the first quarter worth $40,000. Finally, Studio Investment Management LLC boosted its holdings in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 153 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DG shares. The Goldman Sachs Group cut their price target 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. Argus dropped their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $168.00 to $103.00 in a research note on Friday, August 30th. Bank of America dropped their price objective on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research note on Friday, August 30th. Finally, Raymond James decreased their target price 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. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $108.11.

Dollar General Stock Down 1.6 %

DG stock opened at $80.60 on Monday. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The business’s fifty day moving average price is $93.38 and its two-hundred day moving average price is $119.55. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 2.42 and a beta of 0.44.

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

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Insider Buying and Selling

In other news, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Warren F. Bryant bought 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

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.