Octavia Wealth Advisors LLC Sells 87 Shares of Dollar General Co. (NYSE:DG)

Octavia Wealth Advisors LLC decreased its position in Dollar General Co. (NYSE:DG) by 3.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,822 shares of the company’s stock after selling 87 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Dollar General were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after acquiring an additional 3,457,393 shares during the period. Norges Bank bought a new position in Dollar General during the fourth quarter worth $564,881,000. Morgan Stanley increased its position in Dollar General by 38.5% during the fourth quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock worth $1,168,329,000 after acquiring an additional 1,318,412 shares during the period. The Manufacturers Life Insurance Company increased its position in Dollar General by 98.1% during the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock worth $222,884,000 after acquiring an additional 1,043,141 shares during the period. Finally, State Street Corp increased its position in Dollar General by 11.3% during the first quarter. State Street Corp now owns 9,765,333 shares of the company’s stock worth $2,055,202,000 after acquiring an additional 994,813 shares during the period. Institutional investors own 91.77% of the company’s stock.

Insiders Place Their Bets

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Dollar General Stock Up 0.2 %

Shares of NYSE:DG opened at $144.93 on Wednesday. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The company’s 50-day moving average price is $149.05 and its two-hundred day moving average price is $133.71. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The firm has a market cap of $31.84 billion, a P/E ratio of 19.17, a P/E/G ratio of 2.59 and a beta of 0.42.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm earned $2.96 EPS. The company’s revenue was down 3.4% on a year-over-year basis. As a group, research analysts forecast that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Analyst Upgrades and Downgrades

DG has been the topic of a number of research reports. Argus boosted their target price on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Evercore ISI lowered their price target on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a report on Tuesday, April 2nd. StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Finally, Morgan Stanley boosted their price target on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $153.08.

Dollar General 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.