IHT Wealth Management LLC Buys Shares of 3,983 Dollar General Co. (NYSE:DG)

IHT Wealth Management LLC acquired a new stake in Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,983 shares of the company's stock, valued at approximately $302,000.

Other large investors have also modified their holdings of the company. Deseret Mutual Benefit Administrators grew its holdings in Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after purchasing an additional 150 shares during the period. Bruce G. Allen Investments LLC grew its holdings in Dollar General by 20.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock valued at $72,000 after purchasing an additional 161 shares during the period. Federated Hermes Inc. grew its holdings in Dollar General by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock valued at $164,000 after purchasing an additional 192 shares during the period. Peoples Bank KS grew its holdings in Dollar General by 19.1% in the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company's stock valued at $109,000 after purchasing an additional 230 shares during the period. Finally, Metis Global Partners LLC grew its holdings in Dollar General by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock valued at $553,000 after purchasing an additional 255 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Performance

Shares of NYSE DG traded down $3.10 during trading on Thursday, reaching $90.59. The stock had a trading volume of 5,235,531 shares, compared to its average volume of 3,937,087. The firm's 50 day moving average price is $85.31 and its two-hundred day moving average price is $79.10. Dollar General Co. has a one year low of $66.43 and a one year high of $147.87. The stock has a market cap of $19.92 billion, a PE ratio of 14.92, a P/E/G ratio of 2.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. During the same period in the prior year, the company earned $1.83 earnings per share. The firm's revenue was up 4.5% compared to the same quarter last year. On average, research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.61%. Dollar General's payout ratio is currently 46.18%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DG. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 target price (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. The Goldman Sachs Group decreased their price objective on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. UBS Group decreased their price objective on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $85.00 price objective on shares of Dollar General in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $94.75.

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.