Pathway Financial Advisers LLC Has $36,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Pathway Financial Advisers LLC trimmed its position in Dollar General Co. (NYSE:DG) by 98.5% during the fourth quarter, Holdings Channel reports. The firm owned 472 shares of the company’s stock after selling 31,333 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Dollar General were worth $36,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Eagle Rock Investment Company LLC raised its stake in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after buying an additional 4,048 shares during the period. 1834 Investment Advisors Co. bought a new stake in Dollar General in the 3rd quarter valued at $5,650,000. Leibman Financial Services Inc. acquired a new stake in Dollar General during the 4th quarter valued at $2,018,000. Lecap Asset Management Ltd. boosted its position in Dollar General by 231.6% during the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Dollar General by 62.9% in 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 during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Friday, December 6th. Bernstein Bank reduced their price objective on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Morgan Stanley lowered their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $96.77.

Dollar General Trading Down 1.3 %

Shares of DG stock opened at $72.87 on Friday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The stock’s fifty day moving average price is $74.03 and its two-hundred day moving average price is $84.94. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market cap of $16.03 billion, a PE ratio of 12.00, a P/E/G ratio of 2.08 and a beta of 0.43.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.26 earnings per share. Equities analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.