Strategic Wealth Partners Ltd. Acquires Shares of 44,648 Dollar General Co. (NYSE:DG)

Strategic Wealth Partners Ltd. acquired a new stake in Dollar General Co. (NYSE:DG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 44,648 shares of the company’s stock, valued at approximately $3,776,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prudential PLC raised its stake in shares of Dollar General by 13.8% during the fourth quarter. Prudential PLC now owns 9,385 shares of the company’s stock worth $1,276,000 after purchasing an additional 1,135 shares during the last quarter. Personal CFO Solutions LLC raised its stake in shares of Dollar General by 5.5% during the fourth quarter. Personal CFO Solutions LLC now owns 2,476 shares of the company’s stock worth $337,000 after purchasing an additional 129 shares during the last quarter. Elo Mutual Pension Insurance Co raised its stake in shares of Dollar General by 4.3% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 19,144 shares of the company’s stock worth $2,603,000 after purchasing an additional 786 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of Dollar General by 2,289.8% during the fourth quarter. Verition Fund Management LLC now owns 65,551 shares of the company’s stock worth $8,912,000 after purchasing an additional 62,808 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in shares of Dollar General by 149.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 385,042 shares of the company’s stock worth $52,346,000 after purchasing an additional 230,540 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Truist Financial cut their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Loop Capital dropped their price objective on Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company dropped their price objective on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 27th. UBS Group dropped their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Melius Research began coverage on Dollar General in a report on Monday, September 23rd. They set a “hold” rating and a $85.00 price objective on the stock. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $109.48.

Dollar General Stock Down 0.2 %

Shares of NYSE:DG opened at $83.55 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The stock’s fifty day simple moving average is $100.29 and its 200-day simple moving average is $124.15. The company has a market capitalization of $18.37 billion, a P/E ratio of 12.16, a P/E/G ratio of 2.52 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the prior year, the company earned $2.13 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.82%. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Activity

In other Dollar General news, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.