Geneos Wealth Management Inc. Trims Holdings in Dollar General Co. (NYSE:DG)

Geneos Wealth Management Inc. decreased its holdings in Dollar General Co. (NYSE:DG) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 486 shares of the company’s stock after selling 78 shares during the period. Geneos Wealth Management Inc.’s holdings in Dollar General were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. D.A. Davidson & CO. grew its position in shares of Dollar General by 21.6% during the 1st quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock worth $230,000 after buying an additional 184 shares in the last quarter. Dakota Wealth Management bought a new position in shares of Dollar General during the 1st quarter worth $474,000. Baird Financial Group Inc. grew its position in shares of Dollar General by 26.3% during the 1st quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock worth $13,098,000 after buying an additional 12,262 shares in the last quarter. Covestor Ltd grew its position in shares of Dollar General by 156.4% during the 1st quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $93,000 after buying an additional 255 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Dollar General by 17.7% during the 1st quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock worth $15,947,000 after buying an additional 10,773 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 0.2 %

Shares of NYSE:DG opened at $144.93 on Wednesday. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $222.99. The stock has a market cap of $31.84 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.64 and a beta of 0.42. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $149.05 and a 200-day moving average price of $133.71.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the business posted $2.96 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts predict that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Insider Activity at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DG. JPMorgan Chase & Co. raised their price objective on Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a research report on Monday. Argus raised their price objective on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. StockNews.com raised Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Raymond James raised their price objective on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $153.08.

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.