BI Asset Management Fondsmaeglerselskab A S Raises Position in Dollar General Co. (NYSE:DG)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Dollar General Co. (NYSE:DG) by 79.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,379 shares of the company’s stock after purchasing an additional 2,386 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dollar General were worth $731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of DG. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Dollar General during the 4th quarter worth approximately $25,000. Studio Investment Management LLC bought a new stake in shares of Dollar General in the 3rd quarter worth about $26,000. MV Capital Management Inc. lifted its holdings in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the last quarter. Covestor Ltd grew its position in Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after acquiring an additional 99 shares in the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in Dollar General in the fourth quarter worth about $33,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Trading Down 0.7 %

Shares of NYSE DG opened at $141.55 on Thursday. The stock has a market capitalization of $31.09 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 2.82 and a beta of 0.44. 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 business has a fifty day moving average price of $147.07 and a 200 day moving average price of $138.74. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $210.25.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share 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 the consensus estimate of $9.77 billion. During the same period last year, the firm earned $2.96 earnings per share. Dollar General’s revenue was down 3.4% compared to the same quarter last year. Equities research analysts expect that Dollar General Co. will post 7.27 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, April 8th. Dollar General’s payout ratio is currently 31.22%.

Insider Buying and Selling

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 transaction of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the firm’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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DG has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Raymond James raised their price target on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Morgan Stanley raised their target price on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Fifteen equities 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 presently has a consensus rating of “Hold” and a consensus target price 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.