Bison Wealth LLC Buys Shares of 1,646 Dollar General Co. (NYSE:DG)

Bison Wealth LLC purchased a new stake in shares of Dollar General Co. (NYSE:DG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,646 shares of the company’s stock, valued at approximately $224,000.

Several other large investors have also made changes to their positions in DG. D.A. Davidson & CO. lifted its position in shares of Dollar General by 21.6% in the first quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock worth $230,000 after buying an additional 184 shares during the last quarter. Dakota Wealth Management acquired a new position in Dollar General during the first quarter valued at approximately $474,000. Baird Financial Group Inc. raised its position in shares of Dollar General by 26.3% in the first quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock valued at $13,098,000 after purchasing an additional 12,262 shares during the period. Covestor Ltd lifted its stake in shares of Dollar General by 156.4% in the first quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $93,000 after buying an additional 255 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in Dollar General by 17.7% in the 1st quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock valued at $15,947,000 after buying an additional 10,773 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 0.4 %

Shares of NYSE:DG opened at $144.47 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The stock has a market cap of $31.74 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.59 and a beta of 0.42. The company has a 50 day moving average of $149.24 and a 200-day moving average of $133.78. Dollar General Co. has a one year low of $101.09 and a one year high of $222.99.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the company posted $2.96 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General’s payout ratio is 31.22%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DG shares. StockNews.com raised Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Morgan Stanley boosted their target price on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. increased their price target on shares of Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a report on Monday. The Goldman Sachs Group raised their price target on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, BMO Capital Markets upped their price objective on shares of Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average price target of $153.08.

Insider Activity at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Dollar General Company Profile

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.