First National Bank of Omaha increased its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 23.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,736 shares of the company's stock after acquiring an additional 12,863 shares during the quarter. First National Bank of Omaha's holdings in Dollar General were worth $5,644,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Pzena Investment Management LLC grew its position in shares of Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock worth $865,903,000 after buying an additional 8,388,735 shares during the period. Baupost Group LLC MA acquired a new stake in shares of Dollar General during the third quarter worth $194,832,000. Point72 Asset Management L.P. increased its holdings 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 purchasing an additional 765,206 shares during the last quarter. State Street Corp boosted its holdings in Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company's stock worth $842,208,000 after buying an additional 759,869 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company's stock worth $122,324,000 after buying an additional 704,639 shares during the period. Institutional investors own 91.77% of the company's stock.
Shares of NYSE DG opened at $81.59 on Friday. 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 business has a 50-day moving average of $79.52 and a 200-day moving average of $103.60. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 2.33 and a beta of 0.44. Dollar General Co. has a fifty-two week low of $72.12 and a fifty-two week high of $168.07.
Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Dollar General Co. will post 5.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General's dividend payout ratio is currently 38.88%.
A number of analysts recently weighed in on the stock. Gordon Haskett upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Barclays decreased their price target on shares of Dollar General from $154.00 to $102.00 and set an "overweight" rating for the company in a report on Tuesday, September 3rd. Wells Fargo & Company dropped their price objective on Dollar General from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Thursday. Citigroup cut Dollar General from a "neutral" rating to a "sell" rating and decreased their target price for the company from $91.00 to $73.00 in a research note on Friday, September 27th. Finally, Morgan Stanley lowered Dollar General from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $170.00 to $100.00 in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $98.27.
Check Out Our Latest Stock Analysis on DG
In related news, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 41.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction on Tuesday, September 10th. The shares were bought 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 of the company's stock, valued at approximately $3,397,284.90. This trade represents a 2.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.49% of the company's stock.
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.
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