Meeder Asset Management Inc. lifted its position in shares of Dollar General Corp. (NYSE:DG) by 287.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,841 shares of the company’s stock after purchasing an additional 13,231 shares during the quarter. Meeder Asset Management Inc.’s holdings in Dollar General were worth $2,129,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of DG. Advocacy Wealth Management Services LLC grew its stake in Dollar General by 96.4% in the 4th quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after acquiring an additional 133 shares during the period. WESPAC Advisors SoCal LLC acquired a new stake in Dollar General in the 4th quarter valued at $30,000. Whittier Trust Co. grew its stake in Dollar General by 66.3% in the 4th quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after acquiring an additional 116 shares during the period. We Are One Seven LLC acquired a new stake in Dollar General in the 4th quarter valued at $35,000. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in Dollar General by 282.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock valued at $41,000 after acquiring an additional 282 shares during the period. 98.05% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Rhonda Taylor sold 16,636 shares of Dollar General stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $119.64, for a total transaction of $1,990,331.04. Following the transaction, the executive vice president now owns 33,513 shares in the company, valued at approximately $4,009,495.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert D. Ravener sold 38,659 shares of Dollar General stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $119.84, for a total value of $4,632,894.56. Following the transaction, the executive vice president now owns 39,739 shares in the company, valued at approximately $4,762,321.76. The disclosure for this sale can be found here. Insiders sold a total of 134,282 shares of company stock worth $15,926,314 in the last 90 days. 0.41% of the stock is currently owned by insiders.
Shares of DG stock opened at $123.70 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 1.55. The firm has a market capitalization of $32.10 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.55 and a beta of 0.71. Dollar General Corp. has a fifty-two week low of $86.87 and a fifty-two week high of $124.66.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.05). The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.48 EPS. Sell-side analysts expect that Dollar General Corp. will post 6.42 EPS for the current year.
The company 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 $0.32 dividend. The ex-dividend date is Monday, April 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.
DG has been the topic of a number of research analyst reports. Bank of America set a $133.00 price target on shares of Dollar General and gave the company a “buy” rating in a research note on Wednesday, April 10th. Zacks Investment Research cut shares of Dollar General from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Wells Fargo & Co lifted their price target on shares of Dollar General from $118.00 to $129.00 and gave the company an “outperform” rating in a research note on Friday, January 11th. Citigroup raised their price objective on Dollar General from $120.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, BMO Capital Markets raised their price objective on Dollar General from $126.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $119.50.
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Dollar General Company Profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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