Allen Mooney & Barnes Investment Advisors LLC Sells 9,497 Shares of Dollar General Co. (NYSE:DG)

Allen Mooney & Barnes Investment Advisors LLC cut its holdings in Dollar General Co. (NYSE:DG) by 6.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 132,677 shares of the company’s stock after selling 9,497 shares during the period. Dollar General makes up 1.7% of Allen Mooney & Barnes Investment Advisors LLC’s investment portfolio, making the stock its 25th largest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Dollar General were worth $10,060,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Community Trust & Investment Co. purchased a new stake in shares of Dollar General during the fourth quarter worth about $410,000. Oak Thistle LLC bought a new position in Dollar General during the fourth quarter valued at $668,000. Accurate Wealth Management LLC purchased a new position in shares of Dollar General in the 4th quarter worth $620,000. Leibman Financial Services Inc. bought a new stake in shares of Dollar General in the 4th quarter worth about $2,018,000. Finally, Kwmg LLC increased its stake in Dollar General by 18.5% during the fourth quarter. Kwmg LLC now owns 49,069 shares of the company’s stock worth $3,720,000 after acquiring an additional 7,655 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

DG stock opened at $69.45 on Wednesday. Dollar General Co. has a 12-month low of $69.33 and a 12-month high of $168.07. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 2.29 and a beta of 0.44. The firm has a 50 day moving average of $76.06 and a 200-day moving average of $92.61. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business posted $1.26 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that Dollar General Co. will post 5.76 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.40%. The ex-dividend date is Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Jefferies Financial Group dropped their price objective on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Bernstein Bank dropped their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Finally, Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $98.18.

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.