Glen Eagle Advisors LLC Sells 239 Shares of Dollar General Co. (NYSE:DG)

Glen Eagle Advisors LLC lowered its position in shares of Dollar General Co. (NYSE:DG) by 23.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 794 shares of the company’s stock after selling 239 shares during the quarter. Glen Eagle Advisors LLC’s holdings in Dollar General were worth $67,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Studio Investment Management LLC grew its position in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after buying an additional 153 shares during the period. Strategic Financial Concepts LLC purchased a new position in Dollar General in the second quarter valued at about $37,000. TruNorth Capital Management LLC bought a new position in shares of Dollar General during the 2nd quarter valued at approximately $39,000. Quarry LP purchased a new stake in shares of Dollar General during the 2nd quarter worth approximately $46,000. Finally, Pathway Financial Advisers LLC raised its holdings in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 2.5 %

Shares of Dollar General stock opened at $81.59 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The firm has a market cap of $17.94 billion, a PE ratio of 13.44, a PEG ratio of 2.33 and a beta of 0.44. The company has a 50 day simple moving average of $79.52 and a two-hundred day simple moving average of $103.60.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. Analysts expect that Dollar General Co. will post 5.78 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.89%. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays reduced their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Bank of America upgraded Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Friday. Jefferies Financial Group lowered their price objective on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. cut their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company reduced their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Dollar General has an average rating of “Hold” and a consensus target price of $98.27.

Insider Activity at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $80.83 per share, with a total value of $80,830.00. Following the purchase, the director now owns 42,030 shares in the company, valued at $3,397,284.90. The trade was a 2.44 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

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.