Jamison Private Wealth Management Inc. Acquires 1,174 Shares of Dollar General Co. (NYSE:DG)

Jamison Private Wealth Management Inc. raised its holdings in shares of Dollar General Co. (NYSE:DG) by 71.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,816 shares of the company’s stock after purchasing an additional 1,174 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Dollar General were worth $214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board grew its stake in shares of Dollar General by 74.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 8,401 shares of the company’s stock worth $1,111,000 after acquiring an additional 3,580 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Dollar General by 218.1% in the 2nd quarter. APG Asset Management N.V. now owns 24,941 shares of the company’s stock worth $3,077,000 after acquiring an additional 17,100 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Dollar General in the 2nd quarter worth $337,000. MBB Public Markets I LLC grew its stake in shares of Dollar General by 642.0% in the 2nd quarter. MBB Public Markets I LLC now owns 15,923 shares of the company’s stock worth $2,105,000 after acquiring an additional 13,777 shares in the last quarter. Finally, Nemes Rush Group LLC grew its stake in shares of Dollar General by 20.1% in the 2nd quarter. Nemes Rush Group LLC now owns 15,597 shares of the company’s stock worth $2,062,000 after acquiring an additional 2,610 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 0.8 %

Shares of NYSE:DG opened at $71.91 on Monday. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The firm has a fifty day moving average of $75.00 and a 200 day moving average of $89.61. The firm has a market capitalization of $15.81 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.28%. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Analysts Set New Price Targets

DG has been the subject of several research reports. Wells Fargo & Company reduced their price target 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. Telsey Advisory Group reduced their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Friday, December 6th. Sanford C. Bernstein initiated coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target for the company. Finally, Jefferies Financial Group reduced their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. One 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. According to MarketBeat, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $96.77.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction 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 $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

About Dollar General

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.