Greenleaf Trust Has $8.41 Million Stake in Dollar General Co. (NYSE:DG)

Greenleaf Trust grew its position in Dollar General Co. (NYSE:DG) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,468 shares of the company’s stock after buying an additional 4,888 shares during the quarter. Greenleaf Trust’s holdings in Dollar General were worth $8,412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DG. Capital International Investors raised its position in shares of Dollar General by 11.3% in the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after buying an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Dollar General by 11.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after acquiring an additional 2,031,593 shares during the last quarter. Pzena Investment Management LLC bought a new stake in Dollar General during the 1st quarter worth approximately $301,738,000. Point72 Asset Management L.P. grew its holdings in Dollar General by 148.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after acquiring an additional 765,206 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after acquiring an additional 704,639 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Trading Down 0.2 %

DG traded down $0.16 during trading on Wednesday, reaching $80.96. The company had a trading volume of 142,451 shares, compared to its average volume of 3,126,666. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The stock has a market cap of $17.80 billion, a P/E ratio of 11.80, a PEG ratio of 2.42 and a beta of 0.44. The business has a 50 day simple moving average of $91.94 and a 200-day simple moving average of $118.45. 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 posted 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 company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter last year, the firm earned $2.13 EPS. Dollar General’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Argus reduced their target price on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. The Goldman Sachs Group reduced their price objective on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Loop Capital dropped their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Finally, Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $107.84.

Insider Buying and Selling

In related news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company 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.