Amarillo National Bank Invests $937,000 in Dollar General Co. (NYSE:DG)

Amarillo National Bank acquired a new position in Dollar General Co. (NYSE:DGGet Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,817 shares of the company’s stock, valued at approximately $937,000.

Several other large investors have also recently modified their holdings of the stock. Newbridge Financial Services Group Inc. increased its holdings in shares of Dollar General by 8.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 2,114 shares of the company’s stock worth $519,000 after buying an additional 168 shares during the period. HB Wealth Management LLC grew its stake in shares of Dollar General by 8.0% in the second quarter. HB Wealth Management LLC now owns 5,046 shares of the company’s stock worth $1,238,000 after purchasing an additional 375 shares during the last quarter. Gilman Hill Asset Management LLC bought a new stake in shares of Dollar General in the second quarter worth about $249,000. Acropolis Investment Management LLC grew its stake in shares of Dollar General by 12.9% in the second quarter. Acropolis Investment Management LLC now owns 3,698 shares of the company’s stock worth $908,000 after purchasing an additional 423 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Dollar General by 43.0% in the second quarter. Rosenberg Matthew Hamilton now owns 1,017 shares of the company’s stock worth $251,000 after purchasing an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DG shares. BMO Capital Markets cut Dollar General from an “outperform” rating to a “market perform” rating and set a $265.00 target price on the stock. in a research note on Monday, August 15th. Wells Fargo & Company raised their target price on Dollar General from $260.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, August 22nd. StockNews.com raised Dollar General from a “hold” rating to a “buy” rating in a research note on Friday, August 26th. JPMorgan Chase & Co. lifted their price objective on Dollar General from $287.00 to $294.00 in a research report on Friday, September 16th. Finally, Citigroup cut Dollar General from a “buy” rating to a “neutral” rating and set a $258.00 price objective on the stock. in a research report on Thursday, July 14th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $269.85.

Dollar General Stock Up 0.4 %

Shares of DG stock traded up $0.95 during trading hours on Friday, hitting $241.15. 55,461 shares of the company’s stock traded hands, compared to its average volume of 1,782,620. The stock’s fifty day simple moving average is $246.82 and its two-hundred day simple moving average is $237.36. Dollar General Co. has a 12-month low of $183.25 and a 12-month high of $262.20. The stock has a market cap of $54.40 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 1.90 and a beta of 0.42. The company has a quick ratio of 0.10, a current ratio of 1.02 and a debt-to-equity ratio of 0.69.

Dollar General (NYSE:DGGet Rating) last released its earnings results on Thursday, August 25th. The company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.05. Dollar General had a net margin of 6.55% and a return on equity of 37.64%. The firm had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same period last year, the business earned $2.69 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, analysts expect that Dollar General Co. will post 11.57 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 4th will be issued a $0.55 dividend. The ex-dividend date is Monday, October 3rd. This represents a $2.20 dividend on an annualized basis and a yield of 0.91%. Dollar General’s payout ratio is currently 21.91%.

Insider Buying and Selling

In related news, CEO Todd J. Vasos sold 108,145 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $239.18, for a total value of $25,866,121.10. Following the completion of the transaction, the chief executive officer now directly owns 85,369 shares in the company, valued at approximately $20,418,557.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dollar General news, EVP Rhonda Taylor sold 44,363 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $243.04, for a total transaction of $10,781,983.52. Following the completion of the sale, the executive vice president now directly owns 37,755 shares in the company, valued at approximately $9,175,975.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Todd J. Vasos sold 108,145 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $239.18, for a total transaction of $25,866,121.10. Following the sale, the chief executive officer now owns 85,369 shares of the company’s stock, valued at $20,418,557.42. The disclosure for this sale can be found here. Insiders sold a total of 275,422 shares of company stock worth $66,271,237 in the last three months. Insiders own 0.73% of the company’s stock.

About Dollar General

(Get Rating)

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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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