Acropolis Investment Management LLC Has $1.07 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Acropolis Investment Management LLC raised its stake in shares of Dollar General Co. (NYSE:DG – Get Rating) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,361 shares of the company’s stock after purchasing an additional 249 shares during the period. Acropolis Investment Management LLC’s holdings in Dollar General were worth $1,074,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Kentucky Retirement Systems grew its stake in shares of Dollar General by 4.6% in the third quarter. Kentucky Retirement Systems now owns 17,769 shares of the company’s stock worth $4,262,000 after acquiring an additional 789 shares during the last quarter. Toroso Investments LLC grew its stake in shares of Dollar General by 0.8% in the third quarter. Toroso Investments LLC now owns 10,874 shares of the company’s stock worth $2,607,000 after acquiring an additional 83 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Dollar General by 24.0% in the third quarter. Brookstone Capital Management now owns 3,175 shares of the company’s stock worth $755,000 after acquiring an additional 615 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Dollar General by 6.3% in the third quarter. Commonwealth Equity Services LLC now owns 54,387 shares of the company’s stock worth $13,045,000 after acquiring an additional 3,217 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Dollar General by 4.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 769,247 shares of the company’s stock worth $184,512,000 after acquiring an additional 29,976 shares during the last quarter. Institutional investors and hedge funds own 90.73% of the company’s stock.

Dollar General Stock Down 1.5 %

Shares of NYSE DG opened at $208.83 on Friday. The stock has a market cap of $46.69 billion, a PE ratio of 19.55, a PEG ratio of 1.71 and a beta of 0.34. The business has a fifty day moving average of $226.41 and a two-hundred day moving average of $239.17. Dollar General Co. has a 52-week low of $183.25 and a 52-week high of $262.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.13 and a current ratio of 1.29.

Dollar General (NYSE:DG – Get Rating) last issued its quarterly earnings data on Thursday, March 16th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.02. Dollar General had a return on equity of 40.63% and a net margin of 6.38%. The company had revenue of $10.20 billion during the quarter, compared to analysts’ expectations of $10.24 billion. During the same period last year, the business earned $2.57 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. As a group, equities research analysts expect that Dollar General Co. will post 11.23 earnings per share for the current fiscal year.

Dollar General Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Investors of record on Tuesday, April 11th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from Dollar General’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Monday, April 10th. Dollar General’s payout ratio is currently 20.60%.

Wall Street Analyst Weigh In

DG has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of Dollar General in a research note on Thursday. They issued a “hold” rating on the stock. Gordon Haskett downgraded shares of Dollar General from an “accumulate” rating to a “hold” rating and lowered their price objective for the stock from $230.00 to $220.00 in a research note on Friday. Evercore ISI reduced their target price on Dollar General to $265.00 in a research report on Friday, December 2nd. Wells Fargo & Company reduced their target price on Dollar General from $275.00 to $245.00 in a research report on Friday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $242.00 target price on shares of Dollar General in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Dollar General presently has an average rating of “Moderate Buy” and an average price target of $250.50.

Insider Activity at Dollar General

In related news, Director Warren F. Bryant sold 1,951 shares of Dollar General stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $243.93, for a total value of $475,907.43. Following the completion of the transaction, the director now directly owns 38,269 shares of the company’s stock, valued at $9,334,957.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is currently owned by company insiders.

Dollar General Company Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.