Congress Wealth Management LLC DE lowered its stake in shares of Dollar General Co. (NYSE:DG – Free Report) by 96.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,971 shares of the company’s stock after selling 51,734 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Dollar General were worth $335,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in DG. First Manhattan Co. raised its holdings in shares of Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after purchasing an additional 85 shares during the period. Financial Freedom LLC acquired a new stake in shares of Dollar General in the 4th quarter worth about $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Dollar General in the 1st quarter worth about $28,000. Atlas Capital Advisors LLC acquired a new stake in shares of Dollar General in the 2nd quarter worth about $32,000. Finally, Focused Wealth Management Inc raised its holdings in shares of Dollar General by 129.9% in the 1st quarter. Focused Wealth Management Inc now owns 177 shares of the company’s stock worth $37,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 90.37% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. HSBC assumed coverage on shares of Dollar General in a report on Friday. They issued a “reduce” rating and a $102.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Dollar General from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $132.00 to $116.00 in a report on Wednesday. StockNews.com assumed coverage on shares of Dollar General in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dollar General from $199.00 to $157.00 in a research report on Friday, September 1st. Finally, Morgan Stanley reduced their price objective on shares of Dollar General from $180.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $156.22.
Dollar General Stock Down 1.5 %
Dollar General stock opened at $108.14 on Friday. Dollar General Co. has a twelve month low of $107.72 and a twelve month high of $261.59. The firm has a 50 day moving average price of $149.56 and a 200-day moving average price of $180.71. The company has a market capitalization of $23.73 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.95 and a beta of 0.30. The company has a quick ratio of 0.15, a current ratio of 1.39 and a debt-to-equity ratio of 1.16.
Dollar General (NYSE:DG – Get Free Report) last announced its quarterly earnings results on Thursday, August 31st. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.34). The business had revenue of $9.80 billion for the quarter, compared to analysts’ expectations of $9.93 billion. Dollar General had a net margin of 5.59% and a return on equity of 36.34%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.98 earnings per share. As a group, equities analysts predict that Dollar General Co. will post 7.76 EPS for the current year.
Dollar General Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, October 6th. Dollar General’s payout ratio is currently 24.18%.
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.
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