State of Wyoming Purchases 3,059 Shares of Dollar General Co. (NYSE:DG)

State of Wyoming increased its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 174.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,810 shares of the company's stock after acquiring an additional 3,059 shares during the quarter. State of Wyoming's holdings in Dollar General were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DG. First Eagle Investment Management LLC bought a new stake in shares of Dollar General in the 4th quarter worth approximately $399,433,000. ACR Alpine Capital Research LLC grew its position in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after buying an additional 3,994,070 shares during the last quarter. Norges Bank bought a new stake in shares of Dollar General in the 4th quarter worth approximately $140,421,000. Pzena Investment Management LLC grew its position in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after buying an additional 1,528,450 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Dollar General by 32.1% in the 4th quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock worth $256,310,000 after buying an additional 821,608 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Down 0.5%

Shares of NYSE DG traded down $0.49 during trading on Tuesday, reaching $100.90. The company had a trading volume of 620,579 shares, compared to its average volume of 4,020,046. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $145.94. The stock has a market cap of $22.19 billion, a PE ratio of 16.61, a P/E/G ratio of 2.18 and a beta of 0.27. The business's 50-day moving average is $91.35 and its 200 day moving average is $80.84. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. During the same period last year, the firm posted $1.83 earnings per share. Dollar General's revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent analyst reports. Gordon Haskett lowered Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday, April 9th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a research note on Friday. Morgan Stanley upped their price target on Dollar General from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Guggenheim upped their price target on Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Dollar General currently has an average rating of "Hold" and a consensus target price of $97.96.

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.