United Asset Strategies Inc. acquired a new position in Dollar General Corporation (NYSE:DG – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,348 shares of the company’s stock, valued at approximately $3,233,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC raised its stake in Dollar General by 21.2% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 3,028 shares of the company’s stock valued at $402,000 after buying an additional 529 shares during the last quarter. M&T Bank Corp raised its stake in Dollar General by 88.2% during the 4th quarter. M&T Bank Corp now owns 38,255 shares of the company’s stock valued at $5,079,000 after buying an additional 17,932 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Dollar General during the 4th quarter valued at $248,000. SageGuard Financial Group LLC purchased a new stake in Dollar General during the 4th quarter valued at $225,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Dollar General by 8.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,241 shares of the company’s stock valued at $7,865,000 after buying an additional 4,511 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General Trading Down 0.8%
Shares of DG stock opened at $123.08 on Thursday. Dollar General Corporation has a 1 year low of $86.25 and a 1 year high of $158.23. The firm has a fifty day moving average price of $134.11 and a 200-day moving average price of $126.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.13 and a quick ratio of 0.22. The company has a market cap of $27.11 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.01 and a beta of 0.34.
Dollar General Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. Dollar General’s payout ratio is presently 34.45%.
Analysts Set New Price Targets
DG has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and set a $170.00 target price on shares of Dollar General in a research note on Thursday, March 12th. Wall Street Zen lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research note on Friday, April 10th. KeyCorp reiterated a “sector weight” rating on shares of Dollar General in a research note on Friday, March 13th. Finally, BNP Paribas Exane reiterated a “neutral” rating and set a $127.00 target price on shares of Dollar General in a research note on Thursday, March 12th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $146.54.
View Our Latest Stock Analysis on DG
Dollar General Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
Further Reading
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