Dollar General Co. (NYSE:DG) Shares Acquired by Graham Capital Wealth Management LLC

Graham Capital Wealth Management LLC boosted its stake in Dollar General Co. (NYSE:DG) by 13.0% in the third quarter, Holdings Channel reports. The fund owned 17,533 shares of the company’s stock after buying an additional 2,020 shares during the quarter. Dollar General makes up about 1.5% of Graham Capital Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Graham Capital Wealth Management LLC’s holdings in Dollar General were worth $1,483,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. 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 purchasing an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after acquiring an additional 2,031,593 shares in the last quarter. Pzena Investment Management LLC bought a new position in Dollar General during the 1st quarter valued at $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 in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Dollar General by 319.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after purchasing an additional 704,639 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In related news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction 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 transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares in the company, valued at $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 SEC, which is available through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated 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 approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DG has been the subject of several research reports. Truist Financial decreased their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Morgan Stanley lowered shares of Dollar General from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $170.00 to $100.00 in a research note on Friday, August 30th. Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $91.00 to $73.00 in a report on Friday, September 27th. Wells Fargo & Company lowered their price objective on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. Finally, Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Two equities 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 stock. According to MarketBeat, Dollar General presently has an average rating of “Hold” and an average target price of $107.84.

Dollar General Price Performance

DG traded down $1.02 during trading on Friday, reaching $80.38. The stock had a trading volume of 2,869,727 shares, compared to its average volume of 3,135,932. The stock has a 50 day moving average of $89.58 and a two-hundred day moving average of $117.15. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $17.68 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 1-year low of $77.96 and a 1-year 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 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 firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the prior year, the business earned $2.13 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

About Dollar General

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.