Raymond James Trust N.A. Boosts Holdings in Dollar General Co. (NYSE:DG)

Raymond James Trust N.A. lifted its stake in Dollar General Co. (NYSE:DG) by 33.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,394 shares of the company’s stock after purchasing an additional 3,092 shares during the period. Raymond James Trust N.A.’s holdings in Dollar General were worth $1,048,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DG. BOKF NA lifted its position in Dollar General by 214.9% during the 1st quarter. BOKF NA now owns 6,121 shares of the company’s stock valued at $963,000 after acquiring an additional 4,177 shares during the period. Bayesian Capital Management LP purchased a new position in Dollar General during the 1st quarter valued at about $1,397,000. Interval Partners LP purchased a new position in Dollar General in the first quarter worth about $87,081,000. Industrial Alliance Investment Management Inc. raised its holdings in Dollar General by 3.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after buying an additional 80 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Dollar General by 18.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,580 shares of the company’s stock worth $1,339,000 after buying an additional 1,317 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

In related news, Director Warren F. Bryant bought 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 1.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the business’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 transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 41.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE DG opened at $74.93 on Monday. The firm has a 50 day moving average of $81.16 and a 200 day moving average of $107.79. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 2.16 and a beta of 0.45. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter last year, the firm posted $2.13 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.15%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 36.65%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Gordon Haskett raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Bernstein Bank decreased their target price on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Bank of America decreased their target price on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a report on Friday, August 30th. Finally, Telsey Advisory Group cut shares of Dollar General from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $168.00 to $103.00 in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $104.00.

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.