Birmingham Capital Management Co. Inc. AL Buys New Position in Dollar General Co. (NYSE:DG)

Birmingham Capital Management Co. Inc. AL purchased a new position in Dollar General Co. (NYSE:DG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,115 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ORG Partners LLC boosted its holdings in shares of Dollar General by 8,300.0% in the second quarter. ORG Partners LLC now owns 756 shares of the company’s stock worth $99,000 after buying an additional 747 shares during the period. Swedbank AB grew its holdings in shares of Dollar General by 21.4% during the 2nd quarter. Swedbank AB now owns 101,424 shares of the company’s stock valued at $13,411,000 after acquiring an additional 17,849 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Dollar General by 38.4% in the second quarter. Blue Trust Inc. now owns 790 shares of the company’s stock worth $104,000 after acquiring an additional 219 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Dollar General by 15.4% during the second quarter. TCW Group Inc. now owns 12,437 shares of the company’s stock worth $1,645,000 after acquiring an additional 1,661 shares in the last quarter. Finally, Boomfish Wealth Group LLC raised its stake in shares of Dollar General by 30.0% during the 2nd quarter. Boomfish Wealth Group LLC now owns 6,693 shares of the company’s stock worth $885,000 after purchasing an additional 1,545 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.49% of the company’s stock.

Dollar General Trading Down 2.8 %

NYSE:DG traded down $2.21 on Friday, hitting $76.21. 1,013,041 shares of the stock were exchanged, compared to its average volume of 3,275,911. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07. The company’s 50-day moving average price is $79.29 and its 200 day moving average price is $102.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 2.37 and a beta of 0.44.

Dollar General (NYSE:DG) last announced 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 business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 earnings per share. On average, equities research analysts forecast that Dollar General Co. will post 5.77 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Tuesday, January 7th. Dollar General’s dividend payout ratio is presently 38.88%.

Analyst Ratings Changes

DG has been the topic of a number of recent research reports. UBS Group cut their price target on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Barclays cut their price objective on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. The Goldman Sachs Group dropped their price target on shares of Dollar General from $122.00 to $104.00 and set a “buy” rating on the stock in a research report on Friday, December 6th. Loop Capital lowered their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Finally, Evercore ISI decreased their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $98.27.

Dollar General 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.