Amalgamated Bank Sells 1,345 Shares of Dollar General Co. (NYSE:DG)

Amalgamated Bank reduced its position in shares of Dollar General Co. (NYSE:DG) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 43,274 shares of the company’s stock after selling 1,345 shares during the quarter. Amalgamated Bank’s holdings in Dollar General were worth $3,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Dollar General by 31.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 19,776 shares of the company’s stock worth $3,086,000 after purchasing an additional 4,780 shares in the last quarter. Forsta AP Fonden grew its position in Dollar General by 10.7% during the first quarter. Forsta AP Fonden now owns 43,500 shares of the company’s stock worth $6,789,000 after buying an additional 4,200 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Dollar General by 215.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 8,753 shares of the company’s stock worth $1,366,000 after acquiring an additional 5,982 shares during the period. Meeder Asset Management Inc. bought a new position in Dollar General during the 1st quarter worth $633,000. Finally, Meeder Advisory Services Inc. acquired a new position in Dollar General in the 1st quarter valued at $284,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Truist Financial decreased their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. The Goldman Sachs Group dropped their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Loop Capital lowered their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Finally, Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $107.05.

Insiders Place Their Bets

In other news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Warren F. Bryant bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Trading Down 1.4 %

Shares of NYSE DG opened at $76.95 on Friday. The stock has a market cap of $16.92 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45. The firm has a 50 day moving average price of $82.44 and a two-hundred day moving average price of $112.68. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a 52-week low of $76.76 and a 52-week high of $168.07.

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

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 36.65%.

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.