Welch Group LLC Has $3.70 Million Position in Dollar General Co. (NYSE:DG)

Welch Group LLC lifted its stake in Dollar General Co. (NYSE:DG) by 23.8% during the third quarter, HoldingsChannel reports. The fund owned 43,716 shares of the company’s stock after purchasing an additional 8,407 shares during the quarter. Welch Group LLC’s holdings in Dollar General were worth $3,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DG. Fidelis Capital Partners LLC increased its stake in shares of Dollar General by 3.3% during the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after purchasing an additional 77 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its position in Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after buying an additional 80 shares during the last quarter. Pullen Investment Management LLC increased its position in Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after buying an additional 87 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after buying an additional 88 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Dollar General by 10.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 994 shares of the company’s stock valued at $155,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

NYSE:DG traded up $1.55 during trading hours on Monday, hitting $81.93. The company’s stock had a trading volume of 466,268 shares, compared to its average volume of 3,123,114. The company has a market capitalization of $18.02 billion, a P/E ratio of 11.70, a PEG ratio of 2.42 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The stock has a fifty day simple moving average of $89.58 and a 200-day simple moving average of $116.89. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07.

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

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is currently 34.35%.

Insider Buying and Selling at Dollar General

In other news, Director Warren F. Bryant bought 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the purchase, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dollar General news, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the purchase, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $80.40 per share, with a total value of $40,200.00. Following the acquisition, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on DG shares. Bank of America reduced their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. Evercore ISI lowered their price objective on shares of Dollar General from $115.00 to $105.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Melius Research assumed coverage on shares of Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price on the stock. Barclays dropped their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, Truist Financial reduced their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $107.84.

Dollar General 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.