Dollar General Co. (NYSE:DG) Shares Acquired by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. increased its holdings in shares of Dollar General Co. (NYSE:DG) by 164.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,642 shares of the company’s stock after buying an additional 1,022 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Dollar General were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank & Trust Co purchased a new stake in shares of Dollar General during the 2nd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar General in the second quarter valued at $33,000. Studio Investment Management LLC grew its position in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after acquiring an additional 153 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Dollar General during the second quarter worth about $37,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Dollar General by 104.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after purchasing an additional 128 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Up 2.1 %

NYSE:DG opened at $82.25 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The company has a market capitalization of $18.09 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. Dollar General Co. has a one year low of $77.96 and a one year high of $168.07. The stock has a 50-day simple moving average of $94.83 and a 200 day simple moving average of $120.87.

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

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Wall Street Analyst Weigh In

DG has been the subject of a number of research reports. Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Morgan Stanley lowered shares of Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $170.00 to $100.00 in a research report on Friday, August 30th. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Friday, August 30th. JPMorgan Chase & Co. cut their price objective on Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research report on Friday, August 30th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $108.11.

Insider Activity at Dollar General

In other Dollar General news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Warren F. Bryant bought 500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

About Dollar General

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.