Avior Wealth Management LLC Trims Holdings in Dollar General Co. (NYSE:DG)

Avior Wealth Management LLC lowered its holdings in Dollar General Co. (NYSE:DG) by 73.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 332 shares of the company’s stock after selling 941 shares during the quarter. Avior Wealth Management LLC’s holdings in Dollar General were worth $28,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its stake in Dollar General by 85.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after buying an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. purchased a new position in shares of Dollar General during the 3rd quarter worth approximately $5,650,000. Lecap Asset Management Ltd. raised its position in shares of Dollar General by 231.6% in the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after acquiring an additional 26,165 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Dollar General by 278.1% in the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Dollar General by 62.9% during the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after purchasing an additional 64,336 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Gordon Haskett raised Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Truist Financial dropped their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Monday, August 26th. Bank of America dropped their price target on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group reduced their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Dollar General has an average rating of “Hold” and an average target price of $104.00.

Insiders Place Their Bets

In other news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This trade represents a 41.05 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Trading Up 2.2 %

Dollar General stock opened at $76.57 on Tuesday. The business has a 50-day simple moving average of $80.98 and a two-hundred day simple moving average of $107.33. Dollar General Co. has a 52-week low of $72.12 and a 52-week high of $168.07. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market cap of $16.84 billion, a P/E ratio of 11.89, a P/E/G ratio of 2.19 and a beta of 0.45.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. Analysts predict that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 36.65%.

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.