CWM LLC trimmed its position in Dollar General Co. (NYSE:DG - Free Report) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 172,299 shares of the company's stock after selling 9,259 shares during the period. CWM LLC owned about 0.08% of Dollar General worth $23,424,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank bought a new stake in Dollar General in the 3rd quarter worth about $12,047,000. Prime Capital Investment Advisors LLC grew its position in shares of Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company's stock valued at $2,573,000 after acquiring an additional 14,127 shares during the period. International Assets Investment Management LLC bought a new position in shares of Dollar General during the 4th quarter valued at approximately $18,861,000. Professional Advisory Services Inc. grew its position in shares of Dollar General by 12.6% during the 4th quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company's stock valued at $20,523,000 after acquiring an additional 16,899 shares during the period. Finally, Live Oak Private Wealth LLC bought a new position in shares of Dollar General during the 3rd quarter valued at approximately $1,374,000. 91.77% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Dollar General 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 value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company's stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dollar General 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 value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company's stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly 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 corporate insiders.
Wall Street Analyst Weigh In
DG has been the subject of a number of research reports. Raymond James increased their target price on shares of Dollar General from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, March 15th. Evercore ISI reduced their target price on shares of Dollar General from $162.00 to $160.00 and set an "in-line" rating for the company in a research report on Tuesday, April 2nd. Morgan Stanley increased their target price on shares of Dollar General from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 15th. Wells Fargo & Company raised their price objective on shares of Dollar General from $125.00 to $155.00 and gave the stock an "equal weight" rating in a report on Friday, March 15th. Finally, Barclays raised shares of Dollar General from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $153.08.
Read Our Latest Report on DG
Dollar General Price Performance
Shares of Dollar General stock traded down $0.86 on Friday, hitting $144.82. 1,518,381 shares of the company traded hands, compared to its average volume of 1,967,059. The firm's 50-day simple moving average is $149.63 and its 200 day simple moving average is $134.54. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The company has a market cap of $31.81 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.59 and a beta of 0.42. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99.
Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $9.86 billion for the quarter, compared to analysts' expectations of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $2.96 EPS. Analysts expect that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.
Dollar General Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 31.22%.
Dollar General Profile
(
Free Report)
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.
Further Reading
Before you consider Dollar General, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dollar General wasn't on the list.
While Dollar General currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
