Graham Capital Wealth Management LLC Makes New Investment in Dollar General Co. (NYSE:DG)

Graham Capital Wealth Management LLC bought a new position in Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,928 shares of the company's stock, valued at approximately $2,165,000. Dollar General makes up approximately 5.7% of Graham Capital Wealth Management LLC's investment portfolio, making the stock its 3rd biggest position.

A number of other hedge funds have also added to or reduced their stakes in DG. D.A. Davidson & CO. boosted its position in shares of Dollar General by 21.6% during the first quarter. D.A. Davidson & CO. now owns 1,034 shares of the company's stock valued at $230,000 after buying an additional 184 shares during the last quarter. Dakota Wealth Management purchased a new position in Dollar General in the first quarter worth $474,000. Baird Financial Group Inc. boosted its position in Dollar General by 26.3% in the first quarter. Baird Financial Group Inc. now owns 58,834 shares of the company's stock worth $13,098,000 after purchasing an additional 12,262 shares during the last quarter. Covestor Ltd boosted its position in Dollar General by 156.4% in the first quarter. Covestor Ltd now owns 418 shares of the company's stock worth $93,000 after purchasing an additional 255 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Dollar General by 17.7% in the first quarter. Mackenzie Financial Corp now owns 71,629 shares of the company's stock worth $15,947,000 after purchasing an additional 10,773 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Transactions at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the 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 approximately $4,636,371.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Dollar General Trading Down 0.2 %

DG stock traded down $0.26 during trading on Thursday, hitting $154.37. 1,789,336 shares of the company traded hands, compared to its average volume of 2,403,998. The firm has a market capitalization of $33.91 billion, a PE ratio of 20.42, a P/E/G ratio of 2.80 and a beta of 0.42. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $222.99. The company has a 50-day moving average of $148.40 and a 200-day moving average of $132.49. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The business had revenue of $9.86 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter last year, the business posted $2.96 EPS. The business's revenue was down 3.4% on a year-over-year basis. Analysts predict that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.53%. The ex-dividend date is Monday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 31.22%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com raised Dollar General from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. Morgan Stanley upped their price target on Dollar General from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 15th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $170.00 price target on shares of Dollar General in a research report on Tuesday, April 2nd. Raymond James upped their price target on Dollar General from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, March 15th. Finally, The Goldman Sachs Group boosted 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. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and an average price target of $152.96.

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.

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