Wealth Enhancement Advisory Services LLC Has $921,000 Position in Dollar General Co. (NYSE:DG)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Dollar General Co. (NYSE:DGFree Report) by 74.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,142 shares of the company’s stock after acquiring an additional 5,171 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Dollar General were worth $921,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Dollar General in the 4th quarter valued at about $57,000. Oppenheimer & Co. Inc. grew its stake in shares of Dollar General by 81.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company’s stock valued at $428,000 after buying an additional 2,534 shares during the period. Private Advisor Group LLC grew its stake in shares of Dollar General by 9.5% in the 4th quarter. Private Advisor Group LLC now owns 6,066 shares of the company’s stock valued at $460,000 after buying an additional 524 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Dollar General by 18.1% in the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock valued at $8,137,000 after buying an additional 16,453 shares during the period. Finally, Bristlecone Advisors LLC grew its stake in shares of Dollar General by 206.3% in the 4th quarter. Bristlecone Advisors LLC now owns 19,365 shares of the company’s stock valued at $1,468,000 after buying an additional 13,042 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of NYSE DG opened at $113.32 on Tuesday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $135.46. The stock’s 50 day moving average price is $95.34 and its 200-day moving average price is $82.93. The company has a market capitalization of $24.94 billion, a PE ratio of 18.67, a PEG ratio of 2.18 and a beta of 0.26. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DGGet Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter in the previous year, the business earned $1.65 EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.08%. Dollar General’s payout ratio is presently 45.04%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup raised their target price on Dollar General from $101.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Wells Fargo & Company raised their target price on Dollar General from $80.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. Loop Capital raised their target price on Dollar General from $80.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, June 4th. Oppenheimer upgraded Dollar General from a “market perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Wednesday, June 4th. Finally, Cfra Research upgraded Dollar General to a “hold” rating in a research note on Tuesday, June 3rd. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.04.

Check Out Our Latest Research Report on DG

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.

About Dollar General

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. (NYSE:DGFree Report).

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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