Wealth Enhancement Advisory Services LLC bought a new stake in shares of Dollar General Co. (NYSE:DG – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,451 shares of the company’s stock, valued at approximately $3,041,000.
Several other large investors have also recently bought and sold shares of the stock. NorthCrest Asset Manangement LLC increased its stake in Dollar General by 4.8% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 36,709 shares of the company’s stock valued at $7,726,000 after buying an additional 1,697 shares during the period. SeaTown Holdings Pte. Ltd. increased its stake in Dollar General by 554.4% during the 1st quarter. SeaTown Holdings Pte. Ltd. now owns 163,600 shares of the company’s stock valued at $34,431,000 after buying an additional 138,600 shares during the period. Sequoia Financial Advisors LLC increased its stake in Dollar General by 5.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,374 shares of the company’s stock valued at $2,815,000 after buying an additional 742 shares during the period. Machina Capital S.A.S. acquired a new position in Dollar General during the 1st quarter valued at about $225,000. Finally, Mackenzie Financial Corp increased its stake in Dollar General by 10.8% during the 1st quarter. Mackenzie Financial Corp now owns 137,292 shares of the company’s stock valued at $28,894,000 after buying an additional 13,435 shares during the period. Institutional investors and hedge funds own 90.02% of the company’s stock.
Insider Activity
In other news, Director Michael M. Calbert purchased 2,500 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $155.25 per share, with a total value of $388,125.00. Following the completion of the transaction, the director now directly owns 116,682 shares in the company, valued at approximately $18,114,880.50. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, Director Michael M. Calbert bought 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were acquired at an average price of $155.25 per share, with a total value of $388,125.00. Following the completion of the transaction, the director now owns 116,682 shares of the company’s stock, valued at approximately $18,114,880.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffery Owen bought 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were bought at an average cost of $157.86 per share, for a total transaction of $236,790.00. Following the transaction, the chief executive officer now directly owns 55,720 shares of the company’s stock, valued at approximately $8,795,959.20. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.
Analyst Upgrades and Downgrades
Dollar General Price Performance
Shares of DG opened at $169.33 on Monday. The firm has a market cap of $37.14 billion, a PE ratio of 15.96, a PEG ratio of 1.76 and a beta of 0.29. The firm’s 50 day moving average price is $187.20 and its 200 day moving average price is $211.58. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.12 and a current ratio of 1.32. Dollar General Co. has a twelve month low of $151.27 and a twelve month high of $261.59.
Dollar General (NYSE:DG – Free Report) last issued its quarterly earnings data on Thursday, June 1st. The company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.04). The business had revenue of $9.34 billion for the quarter, compared to the consensus estimate of $9.47 billion. Dollar General had a net margin of 6.19% and a return on equity of 40.03%. Dollar General’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.41 EPS. As a group, research analysts expect that Dollar General Co. will post 10.03 EPS for the current fiscal year.
Dollar General Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, July 10th. Dollar General’s dividend payout ratio is 22.24%.
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.
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