Wealth Enhancement Advisory Services LLC Acquires 5,171 Shares of Dollar General Co. (NYSE:DG)

Wealth Enhancement Advisory Services LLC grew its position in Dollar General Co. (NYSE:DG - Free Report) by 74.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,142 shares of the company's stock after purchasing an additional 5,171 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Dollar General were worth $921,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Studio Investment Management LLC increased its position in Dollar General by 16.4% during the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after acquiring an additional 139 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in Dollar General by 8.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after buying an additional 150 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Dollar General by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after purchasing an additional 192 shares during the last quarter. Colonial Trust Co SC raised its position in shares of Dollar General by 13.9% during the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock worth $124,000 after acquiring an additional 199 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Dollar General by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock worth $553,000 after purchasing an additional 255 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

DG stock traded down $0.25 on Friday, reaching $111.59. 2,319,249 shares of the company were exchanged, compared to its average volume of 4,084,601. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $135.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock's fifty day moving average price is $96.44 and its 200 day moving average price is $83.56. The firm has a market capitalization of $24.56 billion, a PE ratio of 18.38, a PEG ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. The firm had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.65 EPS. On average, research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

DG has been the subject of several research reports. Wells Fargo & Company raised their target price on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Gordon Haskett upgraded shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research report on Wednesday, June 4th. Evercore ISI increased their price target on shares of Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a research report on Thursday, June 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $80.00 price target (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.04.

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.