Western Wealth Management LLC Purchases Shares of 2,068 Dollar General Co. (NYSE:DG)

Western Wealth Management LLC purchased a new stake in Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,068 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after purchasing an additional 3,457,393 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Dollar General by 98.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after purchasing an additional 1,043,141 shares during the last quarter. Baupost Group LLC MA raised its holdings in shares of Dollar General by 283.1% in the third quarter. Baupost Group LLC MA now owns 927,000 shares of the company’s stock valued at $98,077,000 after purchasing an additional 685,000 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Dollar General by 78.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock worth $150,904,000 after buying an additional 627,844 shares during the last quarter. Finally, Equity Investment Corp increased its holdings in Dollar General by 744.8% during the third quarter. Equity Investment Corp now owns 638,695 shares of the company’s stock worth $67,574,000 after buying an additional 563,095 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 1.4 %

DG stock opened at $142.85 on Tuesday. The stock has a market capitalization of $31.38 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The firm has a 50-day moving average price of $149.76 and a 200-day moving average price of $134.80.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The firm had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.96 earnings per share. As a group, equities research analysts anticipate that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Insider Activity

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’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 value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’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 value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred 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 directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DG shares. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Raymond James boosted their target price on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. JPMorgan Chase & Co. boosted their target price on shares of Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Wells Fargo & Company upped their price objective on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $153.08.

Dollar General 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.