Opinicus Capital Inc. Purchases New Shares in Dollar General Co. (NYSE:DG)

Opinicus Capital Inc. acquired a new position in Dollar General Co. (NYSE:DG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,309 shares of the company’s stock, valued at approximately $314,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after purchasing an additional 3,457,393 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Dollar General by 98.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after acquiring an additional 1,043,141 shares during the last quarter. Baupost Group LLC MA boosted its holdings in Dollar General by 283.1% in the third quarter. Baupost Group LLC MA now owns 927,000 shares of the company’s stock valued at $98,077,000 after acquiring an additional 685,000 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Dollar General by 78.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock worth $150,904,000 after purchasing an additional 627,844 shares during the period. Finally, Equity Investment Corp raised its holdings in Dollar General by 744.8% during the 3rd quarter. Equity Investment Corp now owns 638,695 shares of the company’s stock worth $67,574,000 after purchasing an additional 563,095 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a filing with the SEC, which is available through this link. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $505,778.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DG. Piper Sandler reiterated a “neutral” rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Raymond James upped their target price on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. BMO Capital Markets upped their price objective on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group raised their target price on Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $153.08.

Dollar General Stock Down 0.4 %

NYSE DG traded down $0.58 during trading on Friday, hitting $142.07. The stock had a trading volume of 1,378,667 shares, compared to its average volume of 1,915,899. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The company’s 50-day moving average price is $150.37 and its two-hundred day moving average price is $135.46. The company has a market capitalization of $31.21 billion, a PE ratio of 18.79, a P/E/G ratio of 2.55 and a beta of 0.42.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.96 earnings per share. As a group, sell-side analysts forecast that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.66%. Dollar General’s payout ratio is presently 31.22%.

Dollar General 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.