B. Riley Wealth Advisors Inc. Sells 1,317 Shares of Dollar General Co. (NYSE:DG)

B. Riley Wealth Advisors Inc. lowered its position in shares of Dollar General Co. (NYSE:DG) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,263 shares of the company’s stock after selling 1,317 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Dollar General were worth $987,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after buying an additional 3,360,413 shares during the period. Capital International Investors increased its holdings in shares of Dollar General by 13.9% in the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after buying an additional 2,273,119 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Dollar General by 162.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after buying an additional 11,257,537 shares during the period. Capital World Investors increased its holdings in shares of Dollar General by 1.0% in the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after buying an additional 133,591 shares during the period. Finally, Norges Bank purchased a new position in shares of Dollar General in the fourth quarter worth about $337,150,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DG. Evercore ISI lifted their price objective on Dollar General from $150.00 to $151.00 and gave the stock an “in-line” rating in a report on Thursday. Wells Fargo & Company reduced their price target on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Raymond James boosted their price target on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Loop Capital reduced their price target on Dollar General from $150.00 to $135.00 and set a “hold” rating on the stock in a report on Friday, May 31st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $170.00 price target on shares of Dollar General in a report on Thursday, May 30th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $148.00.

Dollar General Stock Performance

Shares of DG opened at $127.50 on Friday. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average price is $137.63 and its 200-day moving average price is $139.94. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47. The stock has a market cap of $28.04 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.49 and a beta of 0.45.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the previous year, the firm posted $2.34 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts anticipate that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be given a $0.59 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.85%. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Transactions at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s 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 transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s 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 transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.