Key Financial Inc Has $27,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Key Financial Inc lowered its holdings in shares of Dollar General Co. (NYSE:DG) by 54.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 315 shares of the company’s stock after selling 370 shares during the period. Key Financial Inc’s holdings in Dollar General were worth $27,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors boosted its position in shares of Dollar General by 11.3% during the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after purchasing an additional 2,113,485 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $3,155,141,000 after acquiring an additional 2,031,593 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in Dollar General in the first quarter valued at approximately $301,738,000. Point72 Asset Management L.P. increased its holdings in shares of Dollar General by 148.6% during the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after acquiring an additional 765,206 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Dollar General by 319.6% during the second 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 period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Trading Up 2.1 %

Shares of DG stock opened at $81.76 on Friday. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 2.31 and a beta of 0.45. The company’s fifty day simple moving average is $85.33 and its two-hundred day simple moving average is $114.74. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. As a group, analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.89%. The ex-dividend date was Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 36.65%.

Insider Activity

In related news, EVP Steven R. Deckard sold 2,010 shares of the 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 sale, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. This trade represents 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 Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on DG. Bank of America decreased their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Argus cut their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Friday, August 30th. Loop Capital cut their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, The Goldman Sachs Group lowered their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $107.84.

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.