Fluent Financial LLC acquired a new position in Dollar General Corporation (NYSE:DG – Free Report) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 12,011 shares of the company’s stock, valued at approximately $1,436,000.
A number of other institutional investors have also recently bought and sold shares of DG. Caitong International Asset Management Co. Ltd grew its position in shares of Dollar General by 4,550.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock worth $25,000 after purchasing an additional 182 shares in the last quarter. Evergreen Advisors LLC acquired a new stake in shares of Dollar General in the first quarter valued at approximately $25,000. Reflection Asset Management acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $28,000. Rosenberg Matthew Hamilton boosted its stake in shares of Dollar General by 788.1% in the second quarter. Rosenberg Matthew Hamilton now owns 373 shares of the company’s stock valued at $43,000 after buying an additional 331 shares during the period. Finally, Community Bank N.A. boosted its stake in shares of Dollar General by 216.4% in the second quarter. Community Bank N.A. now owns 443 shares of the company’s stock valued at $51,000 after buying an additional 303 shares during the period. Institutional investors own 91.77% of the company’s stock.
Dollar General Price Performance
Shares of NYSE DG traded down $1.53 during trading hours on Tuesday, hitting $125.01. 1,363,087 shares of the stock were exchanged, compared to its average volume of 3,012,293. The company’s fifty day simple moving average is $124.21 and its two-hundred day simple moving average is $118.88. The company has a market cap of $27.58 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.74 and a beta of 0.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.31 and a current ratio of 1.21. Dollar General Corporation has a 1-year low of $95.11 and a 1-year high of $158.23.
Dollar General Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, October 6th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is presently 30.69%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Barclays raised their price objective on Dollar General from $148.00 to $151.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th. The Goldman Sachs Group upped their target price on Dollar General from $128.00 to $141.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Wall Street Zen upgraded Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Argus raised their price target on Dollar General from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dollar General in a research note on Tuesday, August 25th. Twelve analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $137.96.
Read Our Latest Analysis on DG
Dollar General Company Profile
Dollar General Corporation (NYSE: DG) operates a chain of discount retail stores focused on providing everyday goods at affordable prices. Its merchandise includes consumable products such as food, beverages, cleaning supplies, paper products, and personal-care items, along with seasonal goods, home products, basic apparel, and select health and beauty products. Many stores also offer tobacco products, prepaid wireless services, and other convenience-oriented items.
The company primarily serves rural and suburban communities in the United States through a network of small-format stores located across most U.S.
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