Fort Washington Investment Advisors Inc. OH Has $27.21 Million Position in Dollar General Co. (NYSE:DG)

Fort Washington Investment Advisors Inc. OH cut its holdings in Dollar General Co. (NYSE:DG) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 309,434 shares of the company’s stock after selling 10,353 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.14% of Dollar General worth $27,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its holdings in Dollar General by 87.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 734 shares of the company’s stock worth $56,000 after buying an additional 342 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Dollar General by 17.2% during the fourth quarter. Empowered Funds LLC now owns 34,157 shares of the company’s stock valued at $2,590,000 after acquiring an additional 5,007 shares during the period. Stephens Inc. AR lifted its stake in shares of Dollar General by 22.1% during the fourth quarter. Stephens Inc. AR now owns 9,633 shares of the company’s stock valued at $730,000 after acquiring an additional 1,741 shares during the period. Kentucky Trust Co bought a new position in Dollar General in the fourth quarter valued at about $48,000. Finally, Values First Advisors Inc. acquired a new stake in Dollar General in the fourth quarter worth about $480,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Up 0.3%

Shares of Dollar General stock opened at $111.82 on Friday. The firm has a market cap of $24.61 billion, a PE ratio of 18.42, a P/E/G ratio of 2.18 and a beta of 0.26. The business’s 50 day simple moving average is $96.44 and its 200 day simple moving average is $83.56. 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 Co. has a 52-week low of $66.43 and a 52-week high of $135.46.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. During the same period last year, the business earned $1.65 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, July 8th. Dollar General’s payout ratio is 45.04%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of Dollar General from $85.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 4th. Gordon Haskett upgraded shares of Dollar General from a “reduce” rating to an “accumulate” rating in a report on Tuesday, June 3rd. Bank of America lifted their target price on shares of Dollar General from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Jefferies Financial Group reissued a “buy” rating on shares of Dollar General in a research note on Tuesday, June 3rd. Finally, Raymond James raised their price target on Dollar General from $100.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $109.04.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

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.