First Trust Direct Indexing L.P. Has $500,000 Stake in Dollar General Co. (NYSE:DG)

First Trust Direct Indexing L.P. decreased its holdings in shares of Dollar General Co. (NYSE:DG) by 20.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,907 shares of the company’s stock after selling 1,544 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Dollar General were worth $500,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Capital International Investors grew its holdings in Dollar General by 11.3% during the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Dollar General by 11.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after buying an additional 2,031,593 shares in the last quarter. Pzena Investment Management LLC bought a new position in Dollar General in the first quarter valued at approximately $301,738,000. Point72 Asset Management L.P. lifted its stake in Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after buying an additional 765,206 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Dollar General by 319.6% in the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after buying an additional 704,639 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $81.76 on Monday. The stock has a market cap of $17.98 billion, a P/E ratio of 12.70, a P/E/G ratio of 2.34 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The company has a fifty day moving average price of $85.33 and a two-hundred day moving average price of $114.53. Dollar General Co. has a one year low of $77.96 and a one year high of $168.07.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is presently 36.65%.

Insider Activity

In other Dollar General news, Director Warren F. Bryant purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now owns 42,030 shares in the company, valued at $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dollar General news, Director Warren F. Bryant purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the completion of the transaction, the director now owns 42,030 shares in the company, valued at $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

DG has been the topic of a number of research reports. Gordon Haskett lowered shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research note on Friday, August 30th. JPMorgan Chase & Co. cut their price target on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Barclays cut their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Finally, Sanford C. Bernstein assumed coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective on the stock. Two equities research 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 currently has a consensus rating of “Hold” and an average target price of $107.84.

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.