Professional Advisory Services Inc. Acquires 40,151 Shares of Dollar General Co. (NYSE:DG)

Professional Advisory Services Inc. lifted its position in Dollar General Co. (NYSE:DG) by 35.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 152,586 shares of the company’s stock after purchasing an additional 40,151 shares during the period. Professional Advisory Services Inc. owned about 0.07% of Dollar General worth $11,569,000 as of its most recent SEC filing.

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

Dollar General Price Performance

DG stock opened at $68.44 on Friday. The business’s 50-day moving average is $75.71 and its two-hundred day moving average is $92.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market capitalization of $15.05 billion, a P/E ratio of 11.28, a P/E/G ratio of 2.12 and a beta of 0.44. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07.

Dollar General (NYSE:DG) last issued its 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 firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. Analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.

Insider Activity

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DG. BMO Capital Markets raised their price target on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. The Goldman Sachs Group cut their target price on Dollar General from $122.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company lowered their price objective on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Jefferies Financial Group dropped their price target on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, HSBC cut their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $98.18.

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.