Heritage Wealth Management Inc. Sells 389 Shares of Dollar General Co. (NYSE:DG)

Heritage Wealth Management Inc. lowered its stake in shares of Dollar General Co. (NYSE:DG) by 4.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,884 shares of the company’s stock after selling 389 shares during the period. Heritage Wealth Management Inc.’s holdings in Dollar General were worth $667,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank & Trust Co purchased a new position in shares of Dollar General in the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Dollar General in the second quarter worth about $33,000. Studio Investment Management LLC grew its stake in shares of Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar General during the 2nd quarter valued at about $37,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Dollar General in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG traded down $0.41 during midday trading on Friday, reaching $77.66. 416,653 shares of the company were exchanged, compared to its average volume of 3,164,427. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The stock has a market cap of $17.08 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. The business’s fifty day moving average is $82.68 and its two-hundred day moving average is $113.38. Dollar General Co. has a one year low of $76.76 and a one year high of $168.07.

Dollar General (NYSE:DG) last released its quarterly earnings data 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 net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period last year, the company earned $2.13 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts predict that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.04%. Dollar General’s dividend payout ratio (DPR) is 36.65%.

Insider Activity

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

Wall Street Analyst Weigh In

DG has been the subject of several recent research reports. Evercore ISI cut their target price 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. Gordon Haskett downgraded shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Friday, August 30th. Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. cut their price target on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $103.00 in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $107.05.

Dollar General Company 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.