Wealth Alliance Boosts Stock Position in Dollar General Co. (NYSE:DG)

Wealth Alliance increased its stake in Dollar General Co. (NYSE:DGFree Report) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,098 shares of the company’s stock after buying an additional 335 shares during the period. Wealth Alliance’s holdings in Dollar General were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital World Investors boosted its stake in Dollar General by 124.4% during the 2nd quarter. Capital World Investors now owns 10,787,703 shares of the company’s stock valued at $1,831,536,000 after purchasing an additional 5,979,461 shares during the last quarter. Capital International Investors raised its holdings in Dollar General by 64.7% in the 2nd quarter. Capital International Investors now owns 15,087,855 shares of the company’s stock worth $2,561,298,000 after purchasing an additional 5,926,555 shares during the period. Longview Partners Guernsey LTD bought a new position in Dollar General in the 2nd quarter worth $460,221,000. Norges Bank bought a new position in Dollar General in the 4th quarter worth $564,881,000. Finally, Morgan Stanley raised its holdings in Dollar General by 38.5% in the 4th quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock worth $1,168,329,000 after purchasing an additional 1,318,412 shares during the period. Hedge funds and other institutional investors own 90.37% of the company’s stock.

Dollar General Stock Performance

Shares of NYSE:DG opened at $135.21 on Monday. The firm has a 50 day moving average of $133.23 and a 200 day moving average of $131.14. The company has a quick ratio of 0.13, a current ratio of 1.22 and a debt-to-equity ratio of 1.00. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $233.74. The company has a market capitalization of $29.68 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.51 and a beta of 0.39.

Dollar General (NYSE:DGGet Free Report) last released its quarterly earnings results on Thursday, December 7th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. Dollar General had a net margin of 4.91% and a return on equity of 31.68%. The business had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.64 billion. During the same period in the previous year, the company earned $2.33 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, sell-side analysts predict that Dollar General Co. will post 7.45 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Monday, January 8th. Dollar General’s dividend payout ratio is currently 27.16%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. Raymond James decreased their price target on Dollar General from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 22nd. StockNews.com cut Dollar General from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Wells Fargo & Company raised their price target on Dollar General from $110.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, December 6th. Finally, Citigroup raised their price objective on Dollar General from $115.00 to $138.00 and gave the company a “neutral” rating in a research report on Friday, December 8th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $146.32.

Check Out Our Latest Analysis on Dollar General

Dollar General Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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