Legacy Capital Wealth Partners LLC Has $1.07 Million Stake in Dollar General Co. (NYSE:DG)

Legacy Capital Wealth Partners LLC lifted its position in shares of Dollar General Co. (NYSE:DG) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,881 shares of the company’s stock after purchasing an additional 516 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Dollar General were worth $1,071,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Dollar General in the 4th quarter valued at $25,000. MV Capital Management Inc. grew its stake in Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Lowe Wealth Advisors LLC bought a new position in Dollar General in the 4th quarter valued at $33,000. Studio Investment Management LLC bought a new position in Dollar General in the 3rd quarter valued at $26,000. Finally, Creative Financial Designs Inc. ADV grew its stake in Dollar General by 53.6% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 298 shares of the company’s stock valued at $41,000 after purchasing an additional 104 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

DG stock traded down $0.58 during trading on Friday, reaching $142.07. The stock had a trading volume of 1,378,667 shares, compared to its average volume of 1,915,899. The stock’s 50 day moving average is $150.37 and its two-hundred day moving average is $135.67. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The firm has a market cap of $31.21 billion, a PE ratio of 18.79, a PEG ratio of 2.54 and a beta of 0.42.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 14th. The company reported $1.83 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 for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter last year, the company earned $2.96 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 31.22%.

Analyst Ratings Changes

A number of research analysts have issued reports on DG shares. Raymond James upped their price objective on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 price target on shares of Dollar General in a research note on Tuesday, April 2nd. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $124.00 to $154.00 in a research note on Thursday, January 4th. Argus raised their target price on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Evercore ISI reduced their target price on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. Fifteen investment 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 company currently has a consensus rating of “Hold” and an average price target of $153.08.

Dollar General Company 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.