Wetherby Asset Management Inc. Buys New Holdings in Dollar General Corp. (DG)

Wetherby Asset Management Inc. bought a new position in Dollar General Corp. (NYSE:DG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,345 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DG. Cerebellum GP LLC acquired a new stake in Dollar General in the 4th quarter worth approximately $130,000. Calton & Associates Inc. acquired a new stake in Dollar General in the 4th quarter worth approximately $144,000. Meeder Asset Management Inc. lifted its holdings in Dollar General by 22,950.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after purchasing an additional 2,295 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in Dollar General in the 3rd quarter worth approximately $195,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Dollar General by 104.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock worth $200,000 after purchasing an additional 1,102 shares during the last quarter. Hedge funds and other institutional investors own 88.44% of the company’s stock.

In related news, SVP Michael J. Kindy sold 7,536 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the completion of the transaction, the senior vice president now directly owns 7,578 shares in the company, valued at $686,869.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Anita C. Elliott sold 2,012 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the transaction, the senior vice president now owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The disclosure for this sale can be found here. Insiders sold 20,916 shares of company stock valued at $1,924,881 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

DG has been the subject of several analyst reports. Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a report on Wednesday, November 1st. Wells Fargo & Co initiated coverage on Dollar General in a report on Friday, November 3rd. They issued an “underperform” rating and a $72.00 target price for the company. KeyCorp restated a “hold” rating on shares of Dollar General in a report on Friday, November 10th. Goldman Sachs Group restated a “neutral” rating and issued a $89.00 target price on shares of Dollar General in a report on Tuesday, November 14th. Finally, Deutsche Bank upgraded Dollar General from a “hold” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $93.00 in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Dollar General currently has an average rating of “Buy” and a consensus target price of $91.98.

Dollar General Corp. (DG) opened at $95.27 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19. The company has a market capitalization of $25,679.05, a price-to-earnings ratio of 21.08, a P/E/G ratio of 1.50 and a beta of 1.00. Dollar General Corp. has a 12 month low of $65.97 and a 12 month high of $105.82.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 earnings per share. research analysts predict that Dollar General Corp. will post 4.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were paid a $0.26 dividend. The ex-dividend date was Monday, January 8th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. Dollar General’s payout ratio is 23.01%.

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About Dollar General

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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