Ferguson Wellman Capital Management Inc. Lowers Holdings in Dollar General Co. (NYSE:DG)

Ferguson Wellman Capital Management Inc. reduced its position in shares of Dollar General Co. (NYSE:DG) by 43.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,008 shares of the company’s stock after selling 3,785 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Dollar General were worth $662,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DG. International Assets Investment Management LLC bought a new position in shares of Dollar General in the fourth quarter worth approximately $18,861,000. Financial Counselors Inc. purchased a new stake in Dollar General in the fourth quarter worth $302,000. Cerity Partners LLC increased its holdings in Dollar General by 7.5% during the 4th quarter. Cerity Partners LLC now owns 16,982 shares of the company’s stock worth $2,308,000 after purchasing an additional 1,190 shares during the period. Valeo Financial Advisors LLC bought a new position in Dollar General during the 4th quarter worth about $513,000. Finally, ORG Partners LLC raised its stake in Dollar General by 13.2% in the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after buying an additional 88 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DG shares. Truist Financial reduced their target price on Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a report on Thursday, May 30th. Wells Fargo & Company lowered their price objective on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 4th. Evercore ISI decreased their price target on Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average price target of $147.41.

Dollar General Trading Down 0.2 %

DG traded down $0.23 during trading on Wednesday, hitting $116.61. 1,568,578 shares of the stock traded hands, compared to its average volume of 2,414,434. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $168.07. The firm has a market capitalization of $25.64 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The firm has a 50-day moving average of $125.00 and a 200 day moving average of $137.73.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period last year, the firm earned $2.34 EPS. The company’s revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.02%. The ex-dividend date was Tuesday, July 9th. Dollar General’s dividend payout ratio is presently 34.35%.

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.