International Assets Investment Management LLC Takes Position in Dollar General Co. (NYSE:DG)

International Assets Investment Management LLC purchased a new position in shares of Dollar General Co. (NYSE:DG) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 138,736 shares of the company’s stock, valued at approximately $18,861,000.

Several other large investors have also bought and sold shares of DG. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Dollar General in the 4th quarter worth approximately $25,000. Studio Investment Management LLC purchased a new position in Dollar General in the third quarter worth $26,000. Covestor Ltd boosted its position in Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after purchasing an additional 99 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new stake in shares of Dollar General during the 4th quarter valued at $33,000. Finally, Castleview Partners LLC raised its stake in shares of Dollar General by 42.7% during the 3rd quarter. Castleview Partners LLC now owns 344 shares of the company’s stock worth $36,000 after purchasing an additional 103 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Performance

Shares of DG opened at $137.49 on Friday. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $221.50. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The company has a market cap of $30.20 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.45 and a beta of 0.44. The stock has a 50-day moving average price of $150.07 and a 200-day moving average price of $136.55.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business posted $2.96 earnings per share. Dollar General’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.72%. Dollar General’s dividend payout ratio is presently 31.22%.

Insider Buying and Selling at Dollar General

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DG shares. Evercore ISI reduced their price target 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. BMO Capital Markets increased their target price on shares of Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. Argus lifted their price target on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Raymond James increased their price objective on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group boosted their target price on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $153.08.

About Dollar General

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.