Dollar General Co. (NYSE:DG) Shares Bought by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC increased its stake in Dollar General Co. (NYSE:DG) by 10.9% during the first quarter, HoldingsChannel.com reports. The fund owned 994 shares of the company’s stock after buying an additional 98 shares during the period. Capital Advisors Ltd. LLC’s holdings in Dollar General were worth $155,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DG. Comerica Bank purchased a new stake in Dollar General during the third quarter valued at about $12,047,000. Prime Capital Investment Advisors LLC grew its position in Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after purchasing an additional 14,127 shares in the last quarter. Vanguard Group Inc. raised its stake in Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after purchasing an additional 3,360,413 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Dollar General in the fourth quarter valued at $18,861,000. Finally, Nexus Investment Management ULC grew its holdings in shares of Dollar General by 10.5% during the first quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock valued at $29,932,000 after buying an additional 18,280 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Raymond James raised their price objective on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Morgan Stanley increased their target price on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Loop Capital upped their price target on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, June 28th. Argus boosted their target price on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. cut their price target on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $148.09.

Insider Activity

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Price Performance

NYSE:DG opened at $129.47 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. Dollar General Co. has a one year low of $101.09 and a one year high of $173.47. The company has a fifty day moving average price of $135.52 and a 200 day moving average price of $140.06. The stock has a market cap of $28.47 billion, a P/E ratio of 18.85, a PEG ratio of 2.60 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The business had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same quarter in the prior year, the business earned $2.34 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts anticipate that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s payout ratio is presently 34.35%.

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.