Welch Group LLC decreased its stake in shares of Dollar General Corp. (NYSE:DG) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,781 shares of the company’s stock after selling 112 shares during the quarter. Welch Group LLC’s holdings in Dollar General were worth $332,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of DG. Eaton Vance Management boosted its position in shares of Dollar General by 0.3% during the 4th quarter. Eaton Vance Management now owns 26,682 shares of the company’s stock worth $2,884,000 after acquiring an additional 86 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Dollar General by 0.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock worth $1,658,000 after acquiring an additional 100 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Dollar General by 66.3% during the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after acquiring an additional 116 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Dollar General by 0.8% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 14,542 shares of the company’s stock worth $1,572,000 after acquiring an additional 117 shares in the last quarter. Finally, Kaizen Advisory LLC boosted its position in shares of Dollar General by 19.7% during the 4th quarter. Kaizen Advisory LLC now owns 742 shares of the company’s stock worth $80,000 after acquiring an additional 122 shares in the last quarter. Institutional investors own 97.92% of the company’s stock.
DG has been the subject of a number of research analyst reports. Citigroup upped their target price on Dollar General from $120.00 to $144.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Morgan Stanley set a $115.00 target price on Dollar General and gave the company a “buy” rating in a research report on Wednesday, December 26th. ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Raymond James set a $127.00 target price on Dollar General and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, Bank of America set a $133.00 target price on Dollar General and gave the company a “buy” rating in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $119.50.
In other news, EVP Robert D. Ravener sold 38,659 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $119.84, for a total transaction of $4,632,894.56. Following the completion of the transaction, the executive vice president now directly owns 39,739 shares of the company’s stock, valued at approximately $4,762,321.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert D. Ravener sold 78,987 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $117.78, for a total value of $9,303,088.86. Following the transaction, the executive vice president now directly owns 62,434 shares of the company’s stock, valued at $7,353,476.52. The disclosure for this sale can be found here. Insiders have sold a total of 134,282 shares of company stock valued at $15,926,314 over the last ninety days. 0.41% of the stock is owned by insiders.
Dollar General stock traded up $1.47 during mid-day trading on Monday, reaching $123.85. 1,810,682 shares of the company were exchanged, compared to its average volume of 2,215,943. Dollar General Corp. has a twelve month low of $86.87 and a twelve month high of $124.15. The company has a current ratio of 1.55, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $31.82 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.53 and a beta of 0.71.
Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $1.48 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities analysts predict that Dollar General Corp. will post 6.42 earnings per share for the current 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 given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. This is a boost from Dollar General’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.
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About Dollar General
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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