Miracle Mile Advisors LLC lifted its position in Dollar General Co. (NYSE:DG – Get Rating) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,274 shares of the company’s stock after acquiring an additional 522 shares during the period. Miracle Mile Advisors LLC’s holdings in Dollar General were worth $1,052,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC purchased a new position in Dollar General during the fourth quarter valued at approximately $27,000. MV Capital Management Inc. grew its position in Dollar General by 76.0% during the third quarter. MV Capital Management Inc. now owns 132 shares of the company’s stock valued at $32,000 after purchasing an additional 57 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in Dollar General during the second quarter valued at approximately $32,000. Massmutual Trust Co. FSB ADV grew its position in Dollar General by 55.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 188 shares of the company’s stock valued at $45,000 after purchasing an additional 67 shares in the last quarter. Finally, Coston McIsaac & Partners purchased a new position in Dollar General during the second quarter valued at approximately $48,000. 90.73% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on DG. Credit Suisse Group began coverage on shares of Dollar General in a research note on Monday, December 19th. They issued a “neutral” rating and a $260.00 target price for the company. Wells Fargo & Company reduced their target price on shares of Dollar General from $275.00 to $245.00 in a research note on Friday, March 17th. JPMorgan Chase & Co. reiterated a “focus list” rating and issued a $242.00 target price (down from $289.00) on shares of Dollar General in a research note on Thursday, January 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Dollar General from $248.00 to $249.00 in a research note on Friday, March 17th. Finally, Raymond James reduced their target price on shares of Dollar General from $280.00 to $255.00 and set a “strong-buy” rating for the company in a research note on Friday, February 24th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.75.
Dollar General Price Performance
Dollar General (NYSE:DG – Get Rating) last released its earnings results on Thursday, March 16th. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.94 by $0.02. The firm had revenue of $10.20 billion during the quarter, compared to analysts’ expectations of $10.24 billion. Dollar General had a net margin of 6.38% and a return on equity of 40.63%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 EPS. Analysts anticipate that Dollar General Co. will post 11.19 earnings per share for the current year.
Dollar General Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Investors of record on Tuesday, April 11th will be paid a dividend of $0.59 per share. This is a boost from Dollar General’s previous quarterly dividend of $0.55. This represents a $2.36 annualized dividend and a yield of 1.14%. The ex-dividend date is Monday, April 10th. Dollar General’s dividend payout ratio is presently 20.60%.
Insider Activity at Dollar General
In related news, Director Warren F. Bryant sold 1,951 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total transaction of $475,907.43. Following the completion of the transaction, the director now directly owns 38,269 shares in the company, valued at approximately $9,334,957.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Dollar General news, Director Timothy I. Mcguire purchased 3,550 shares of the stock in a transaction on Friday, March 24th. The shares were purchased at an average price of $202.00 per share, with a total value of $717,100.00. Following the acquisition, the director now directly owns 11,104 shares of the company’s stock, valued at approximately $2,243,008. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Warren F. Bryant sold 1,951 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total transaction of $475,907.43. Following the completion of the sale, the director now directly owns 38,269 shares in the company, valued at approximately $9,334,957.17. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.
About Dollar General
Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.
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