Dollar General Co. (NYSE:DG) Shares Sold by Midwest Financial Group LLC

Midwest Financial Group LLC lowered its stake in Dollar General Co. (NYSE:DG) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,350 shares of the company’s stock after selling 1,429 shares during the period. Midwest Financial Group LLC’s holdings in Dollar General were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in DG. Exchange Traded Concepts LLC lifted its stake in Dollar General by 18.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,830 shares of the company’s stock worth $215,000 after acquiring an additional 447 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of Dollar General in the 4th quarter valued at $631,000. Cornerstone Wealth Management LLC lifted its position in shares of Dollar General by 19.8% during the 4th quarter. Cornerstone Wealth Management LLC now owns 5,014 shares of the company’s stock worth $380,000 after purchasing an additional 827 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Dollar General by 75.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 139,953 shares of the company’s stock worth $10,611,000 after purchasing an additional 60,189 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Dollar General by 117.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 21,997 shares of the company’s stock valued at $1,668,000 after buying an additional 11,893 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE DG opened at $71.39 on Friday. The business’s 50 day moving average is $75.19 and its two-hundred day moving average is $90.41. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 2.11 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings results 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 company had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. Research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Wall Street Analyst Weigh In

DG has been the subject of several analyst reports. Citigroup cut Dollar General from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Evercore ISI lowered their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Telsey Advisory Group cut their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. The Goldman Sachs Group lowered their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday. Finally, Jefferies Financial Group cut their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $96.77.

Insider Buying and Selling

In other news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.