Patten Group Inc. Sells 3,184 Shares of Dollar General Co. (NYSE:DG)

Patten Group Inc. lowered its holdings in shares of Dollar General Co. (NYSE:DG) by 45.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,785 shares of the company’s stock after selling 3,184 shares during the period. Patten Group Inc.’s holdings in Dollar General were worth $320,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank & Trust Co bought a new stake in Dollar General in the 2nd quarter worth $26,000. Fortis Group Advisors LLC lifted its position in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar General in the 2nd quarter worth about $33,000. Studio Investment Management LLC lifted its position in shares of Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 153 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new position in Dollar General during the 2nd quarter valued at about $37,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of recent research reports. Telsey Advisory Group cut shares of Dollar General from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $168.00 to $103.00 in a research report on Friday, August 30th. JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Argus reduced their price objective on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, July 15th. UBS Group reduced their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Loop Capital reduced their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus target price of $109.15.

Dollar General Stock Performance

Shares of NYSE DG opened at $82.42 on Friday. The firm has a 50 day moving average of $98.81 and a 200 day moving average of $123.39. 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 $18.12 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. Dollar General Co. has a 12-month low of $77.96 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 34.35%.

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 0.00 % 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. In related news, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 0.00 % 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, Director Warren F. Bryant purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

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.