Valeo Financial Advisors LLC grew its holdings in shares of Dollar General Co. (NYSE:DG – Free Report) by 94.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,210 shares of the company’s stock after acquiring an additional 1,562 shares during the period. Valeo Financial Advisors LLC’s holdings in Dollar General were worth $676,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Concord Wealth Partners bought a new stake in shares of Dollar General in the 4th quarter worth $25,000. First Manhattan Co. grew its stake in shares of Dollar General by 447.4% in the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 85 shares in the last quarter. Financial Freedom LLC bought a new position in shares of Dollar General in the fourth quarter valued at approximately $26,000. Accurate Wealth Management LLC bought a new position in shares of Dollar General in the fourth quarter valued at approximately $27,000. Finally, Capital Directions Investment Advisors LLC bought a new position in shares of Dollar General in the fourth quarter valued at approximately $27,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Dollar General news, CEO Jeffery Owen acquired 1,500 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were acquired at an average price of $157.86 per share, for a total transaction of $236,790.00. Following the acquisition, the chief executive officer now owns 55,720 shares in the company, valued at approximately $8,795,959.20. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Jeffery Owen purchased 1,500 shares of the stock in a transaction dated Tuesday, June 6th. The shares were acquired at an average cost of $157.86 per share, with a total value of $236,790.00. Following the purchase, the chief executive officer now directly owns 55,720 shares in the company, valued at approximately $8,795,959.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael M. Calbert bought 2,500 shares of the stock in a transaction on Thursday, June 8th. The stock was purchased at an average cost of $155.25 per share, for a total transaction of $388,125.00. Following the acquisition, the director now directly owns 116,682 shares of the company’s stock, valued at approximately $18,114,880.50. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Dollar General Stock Down 1.4 %
DG stock opened at $167.05 on Thursday. The firm’s fifty day simple moving average is $194.29 and its 200-day simple moving average is $215.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.32 and a quick ratio of 0.12. The company has a market capitalization of $36.64 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.74 and a beta of 0.34. Dollar General Co. has a 12 month low of $151.27 and a 12 month high of $261.59.
Dollar General (NYSE:DG – Free Report) last released its quarterly earnings results on Thursday, June 1st. The company reported $2.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.04). Dollar General had a net margin of 6.19% and a return on equity of 40.03%. The company had revenue of $9.34 billion during the quarter, compared to analyst estimates of $9.47 billion. During the same period in the prior year, the business posted $2.41 EPS. Dollar General’s revenue was up 6.8% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar General Co. will post 10.04 earnings per share for the current year.
Dollar General Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Monday, July 10th. Dollar General’s dividend payout ratio (DPR) is currently 22.24%.
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.
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