Dollar General Co. (NYSE:DG) Shares Acquired by Jacobi Capital Management LLC

Jacobi Capital Management LLC lifted its position in shares of Dollar General Co. (NYSE:DG) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,356 shares of the company’s stock after purchasing an additional 632 shares during the period. Jacobi Capital Management LLC’s holdings in Dollar General were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Metis Global Partners LLC lifted its position in shares of Dollar General by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after purchasing an additional 135 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after purchasing an additional 150 shares during the last quarter. Empirical Finance LLC lifted its position in shares of Dollar General by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock worth $657,000 after purchasing an additional 153 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position in Dollar General by 20.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after acquiring an additional 161 shares during the last quarter. Finally, Peoples Bank KS lifted its position in Dollar General by 19.1% in the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after acquiring an additional 230 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the company’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 sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. HSBC reduced their price target on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Friday, December 6th. Jefferies Financial Group reduced their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. JPMorgan Chase & Co. reduced their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Barclays reduced their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus price target of $96.04.

Dollar General Trading Down 3.2 %

Shares of Dollar General stock opened at $71.77 on Tuesday. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company’s 50-day simple moving average is $73.25 and its 200-day simple moving average is $80.63. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43.

Dollar General (NYSE:DG) last issued its quarterly 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 firm earned $1.26 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.29%. Dollar General’s payout ratio is currently 38.88%.

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.