Dollar General Co. (NYSE:DG) Shares Acquired by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC raised its position in shares of Dollar General Co. (NYSE:DG) by 20.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 953 shares of the company’s stock after purchasing an additional 161 shares during the period. Bruce G. Allen Investments LLC’s holdings in Dollar General were worth $72,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DG. Oppenheimer Asset Management Inc. grew its stake in shares of Dollar General by 85.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after purchasing an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. acquired a new stake in Dollar General in the third quarter worth about $5,650,000. Lecap Asset Management Ltd. lifted its holdings in Dollar General by 231.6% in the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after purchasing an additional 26,165 shares during the period. Victory Capital Management Inc. increased its stake in Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after buying an additional 64,336 shares during the period. Finally, Kiltearn Partners LLP acquired a new stake in shares of Dollar General in the 2nd quarter worth approximately $9,587,000. Institutional investors own 91.77% of the company’s stock.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the transaction, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Dollar General stock traded down $0.14 during trading hours on Friday, reaching $71.48. 3,668,518 shares of the company were exchanged, compared to its average volume of 3,621,642. Dollar General Co. has a 12 month low of $70.15 and a 12 month high of $168.07. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 2.37 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average of $76.72 and a 200 day moving average of $94.37.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Dollar General Co. will post 5.77 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DG. Wells Fargo & Company cut their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Jefferies Financial Group cut their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. Evercore ISI reduced their price objective on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Finally, Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price for the company in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.18.

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.