Weiss Multi Strategy Advisers LLC bought a new stake in Dollar General Corp. (NYSE:DG) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 23,662 shares of the company’s stock, valued at approximately $2,557,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Eaton Vance Management lifted its holdings in shares of Dollar General by 0.3% during the fourth quarter. Eaton Vance Management now owns 26,682 shares of the company’s stock worth $2,884,000 after buying an additional 86 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Dollar General by 66.3% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after buying an additional 116 shares during the last quarter. Advocacy Wealth Management Services LLC lifted its holdings in shares of Dollar General by 96.4% during the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock worth $29,000 after buying an additional 133 shares during the last quarter. Securian Asset Management Inc lifted its holdings in shares of Dollar General by 0.5% during the fourth quarter. Securian Asset Management Inc now owns 27,206 shares of the company’s stock worth $2,940,000 after buying an additional 133 shares during the last quarter. Finally, Bogart Wealth LLC lifted its holdings in shares of Dollar General by 13.3% during the fourth quarter. Bogart Wealth LLC now owns 1,221 shares of the company’s stock worth $131,000 after buying an additional 143 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.
A number of brokerages recently commented on DG. Evercore ISI began coverage on Dollar General in a research note on Wednesday. They issued an “underperform” rating and a $95.00 target price for the company. Zacks Investment Research lowered Dollar General from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $102.00 to $125.00 in a research note on Monday. BMO Capital Markets upped their target price on Dollar General from $126.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $126.00 target price on shares of Dollar General in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $118.26.
In other news, EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the sale, the executive vice president now owns 33,307 shares in the company, valued at $3,718,060.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.
Dollar General stock traded down $0.78 during mid-day trading on Wednesday, hitting $116.46. 244,202 shares of the company were exchanged, compared to its average volume of 2,812,084. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 0.19. Dollar General Corp. has a 1-year low of $86.87 and a 1-year high of $121.27. The firm has a market capitalization of $30.63 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.44 and a beta of 0.71.
Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.05). Dollar General had a return on equity of 25.04% and a net margin of 6.20%. The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that Dollar General Corp. will post 6.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.32 per share. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.10%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is currently 19.43%.
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Dollar General Profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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