81,348 Shares in Dollar General Co. (NYSE:DG) Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC bought a new stake in Dollar General Co. (NYSE:DG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 81,348 shares of the company’s stock, valued at approximately $6,168,000.

Several other large investors also recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of Dollar General in the second quarter worth $46,000. Pathway Financial Advisers LLC increased its holdings in shares of Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after buying an additional 88 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General during the 3rd quarter worth $33,000. ORG Wealth Partners LLC purchased a new position in Dollar General in the third quarter worth $57,000. Finally, Bruce G. Allen Investments LLC increased its stake in Dollar General by 37.7% in the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE DG opened at $71.91 on Monday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. 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 market cap of $15.81 billion, a P/E ratio of 11.85, a P/E/G ratio of 2.11 and a beta of 0.44. The stock has a 50 day moving average of $75.00 and a two-hundred day moving average of $89.61.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. On average, research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm’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 directly owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

DG has been the topic of a number of recent research reports. Jefferies Financial Group reduced their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Telsey Advisory Group lowered their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, December 2nd. Gordon Haskett upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Wells Fargo & Company decreased their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. One equities 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $96.77.

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.