Trustcore Financial Services LLC Buys New Position in Dollar General Corp. (DG)

Trustcore Financial Services LLC bought a new stake in Dollar General Corp. (NYSE:DG) during the first quarter, HoldingsChannel.com reports. The firm bought 6,111 shares of the company’s stock, valued at approximately $729,000.

A number of other hedge funds also recently bought and sold shares of the business. WESPAC Advisors SoCal LLC bought a new stake in shares of Dollar General during the fourth quarter valued at about $30,000. Ellis Investment Partners LLC bought a new stake in shares of Dollar General during the first quarter valued at about $30,000. Whittier Trust Co. raised its stake in shares of Dollar General by 66.3% during the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of Dollar General during the fourth quarter valued at about $35,000. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Dollar General by 282.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock valued at $41,000 after purchasing an additional 282 shares in the last quarter. Institutional investors own 97.34% of the company’s stock.

A number of brokerages recently weighed in on DG. Loop Capital upgraded shares of Dollar General from a “hold” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $152.00 in a research note on Tuesday, April 30th. Morgan Stanley boosted their price target on shares of Dollar General from $118.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Bank of America set a $133.00 price target on shares of Dollar General and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $126.00 price target on shares of Dollar General in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dollar General from $121.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. Dollar General has a consensus rating of “Buy” and a consensus target price of $122.55.

In related news, EVP Robert D. Ravener sold 38,659 shares of Dollar General stock in a transaction dated 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 of the company’s stock, valued at approximately $4,762,321.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert D. Ravener sold 78,987 shares of Dollar General stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $117.78, for a total value of $9,303,088.86. Following the completion of the transaction, the executive vice president now directly owns 62,434 shares in the company, valued at approximately $7,353,476.52. The disclosure for this sale can be found here. Insiders sold a total of 143,255 shares of company stock worth $17,037,351 in the last three months. 0.55% of the stock is currently owned by company insiders.

Dollar General stock traded up $2.25 during midday trading on Thursday, hitting $120.29. The company’s stock had a trading volume of 45,755 shares, compared to its average volume of 2,058,656. The stock has a market cap of $30.65 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 1.48 and a beta of 0.72. Dollar General Corp. has a 12 month low of $86.87 and a 12 month high of $126.84. The company has a current ratio of 1.55, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Dollar General had a return on equity of 25.04% and a net margin of 6.20%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 EPS. On average, equities analysts predict that Dollar General Corp. will post 6.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. This is a boost from Dollar General’s previous quarterly dividend of $0.29. Dollar General’s dividend payout ratio (DPR) is currently 21.44%.

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About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups 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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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