2,077 Shares in Dollar General Co. (NYSE:DG) Bought by Marcum Wealth LLC

Marcum Wealth LLC bought a new position in Dollar General Co. (NYSE:DG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,077 shares of the company’s stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Dollar General by 12.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock valued at $108,000 after acquiring an additional 76 shares during the period. ORG Partners LLC increased its stake in shares of Dollar General by 13.2% in the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock valued at $103,000 after buying an additional 88 shares in the last quarter. Rise Advisors LLC increased its stake in shares of Dollar General by 14.8% in the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock valued at $109,000 after buying an additional 90 shares in the last quarter. Horrell Capital Management Inc. increased its stake in shares of Dollar General by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $3,973,000 after buying an additional 94 shares in the last quarter. Finally, MV Capital Management Inc. increased its stake in shares of Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Trading Up 1.0 %

NYSE DG opened at $128.77 on Friday. The stock has a market capitalization of $28.32 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 2.51 and a beta of 0.45. The stock’s 50 day moving average price is $137.25 and its two-hundred day moving average price is $139.95. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47.

Dollar General (NYSE:DG) last released its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.57 by $0.08. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.34 EPS. As a group, 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. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DG shares. Wells Fargo & Company lowered their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a research report on Thursday, May 30th. Loop Capital decreased their target price on Dollar General from $150.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Finally, Raymond James boosted their target price on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $148.00.

Insiders Place Their Bets

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business’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 in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

About Dollar General

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.