AMJ Financial Wealth Management Raises Stock Holdings in Dollar General Co. (NYSE:DG)

AMJ Financial Wealth Management boosted its stake in Dollar General Co. (NYSE:DGGet Rating) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,408 shares of the company’s stock after buying an additional 421 shares during the period. AMJ Financial Wealth Management’s holdings in Dollar General were worth $338,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Dollar General by 25.5% in the second quarter. FMR LLC now owns 7,002,653 shares of the company’s stock valued at $1,718,731,000 after acquiring an additional 1,424,310 shares during the period. AKO Capital LLP raised its position in Dollar General by 51.0% in the second quarter. AKO Capital LLP now owns 1,298,840 shares of the company’s stock worth $318,787,000 after acquiring an additional 438,407 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Dollar General by 103.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 855,226 shares of the company’s stock worth $209,907,000 after acquiring an additional 435,631 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Dollar General by 130.2% in the second quarter. Prudential Financial Inc. now owns 460,390 shares of the company’s stock valued at $113,001,000 after buying an additional 260,371 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Dollar General by 553.4% in the second quarter. National Bank of Canada FI now owns 283,120 shares of the company’s stock valued at $69,508,000 after buying an additional 239,792 shares in the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Up 1.3 %

NYSE DG opened at $234.12 on Wednesday. The business has a fifty day moving average price of $244.86 and a two-hundred day moving average price of $245.67. The stock has a market capitalization of $52.34 billion, a PE ratio of 22.75, a PEG ratio of 1.83 and a beta of 0.39. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.23 and a quick ratio of 0.13. Dollar General Co. has a fifty-two week low of $183.25 and a fifty-two week high of $262.20.

Dollar General (NYSE:DGGet Rating) last released its quarterly earnings data on Thursday, December 1st. The company reported $2.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.55 by ($0.22). The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.43 billion. Dollar General had a return on equity of 38.43% and a net margin of 6.49%. Equities analysts expect that Dollar General Co. will post 10.94 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, December 30th. Dollar General’s dividend payout ratio is currently 21.38%.

Insider Transactions at Dollar General

In other Dollar General news, Director Warren F. Bryant sold 1,951 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total value of $475,907.43. Following the completion of the transaction, the director now directly owns 38,269 shares in the company, valued at approximately $9,334,957.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley decreased their price objective on Dollar General from $260.00 to $255.00 and set an “overweight” rating on the stock in a research note on Monday. Credit Suisse Group began coverage on Dollar General in a report on Monday, December 19th. They set a “neutral” rating and a $260.00 target price on the stock. Telsey Advisory Group dropped their target price on Dollar General from $285.00 to $270.00 and set an “outperform” rating on the stock in a report on Friday, December 2nd. Piper Sandler reaffirmed an “overweight” rating on shares of Dollar General in a report on Thursday, December 22nd. Finally, BMO Capital Markets cut their target price on Dollar General from $265.00 to $255.00 in a research note on Friday, December 2nd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dollar General has a consensus rating of “Moderate Buy” and a consensus target price of $263.93.

Dollar General Profile

(Get Rating)

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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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