Legacy Capital Wealth Partners LLC Grows Stock Holdings in Dollar General Co. (NYSE:DG)

Legacy Capital Wealth Partners LLC boosted its position in Dollar General Co. (NYSE:DG) by 7.0% in the 4th quarter, Holdings Channel reports. The fund owned 7,881 shares of the company’s stock after purchasing an additional 516 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Dollar General were worth $1,071,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Dollar General by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after buying an additional 3,457,393 shares during the period. Northern Trust Corp boosted its position in Dollar General by 2.8% in the 3rd quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock valued at $248,278,000 after buying an additional 62,913 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Dollar General by 98.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after buying an additional 1,043,141 shares during the last quarter. Invesco Ltd. boosted its position in Dollar General by 44.2% in the 3rd quarter. Invesco Ltd. now owns 1,572,721 shares of the company’s stock valued at $166,394,000 after buying an additional 481,881 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Dollar General by 78.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock valued at $150,904,000 after buying an additional 627,844 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dollar General news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ralph Santana sold 3,009 shares of the firm’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 transaction of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Price Performance

Shares of NYSE DG traded down $0.58 during mid-day trading on Friday, reaching $142.07. 1,378,667 shares of the company traded hands, compared to its average volume of 1,915,899. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $222.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The firm has a market cap of $31.21 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 2.54 and a beta of 0.42. The stock has a fifty day simple moving average of $150.37 and a 200-day simple moving average of $135.67.

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

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a $0.59 dividend. 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 dividend payout ratio (DPR) is 31.22%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DG. Evercore ISI decreased their price objective on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research report on Tuesday, April 2nd. Raymond James upped their price objective 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. Barclays raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $124.00 to $154.00 in a research report on Thursday, January 4th. JPMorgan Chase & Co. upped their price objective on shares of Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price target on shares of Dollar General in a research report on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $153.08.

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.