Mission Wealth Management LP Reduces Stock Holdings in Dollar General Co. (NYSE:DG)

Mission Wealth Management LP lessened its stake in Dollar General Co. (NYSE:DG) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,146 shares of the company’s stock after selling 132 shares during the quarter. Mission Wealth Management LP’s holdings in Dollar General were worth $292,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DG. Epic Trust Investment Advisors LLC acquired a new stake in Dollar General in the fourth quarter valued at $223,000. Intrust Bank NA increased its stake in Dollar General by 16.4% during the fourth quarter. Intrust Bank NA now owns 5,079 shares of the company’s stock valued at $690,000 after purchasing an additional 717 shares during the last quarter. Kennon Green & Company LLC boosted its holdings in shares of Dollar General by 5.7% in the 4th quarter. Kennon Green & Company LLC now owns 4,626 shares of the company’s stock valued at $629,000 after buying an additional 249 shares during the period. Choreo LLC bought a new stake in shares of Dollar General during the 4th quarter valued at about $403,000. Finally, Capital Investment Counsel Inc raised its stake in Dollar General by 49.0% during the fourth quarter. Capital Investment Counsel Inc now owns 3,799 shares of the company’s stock worth $516,000 after acquiring an additional 1,250 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

DG has been the subject of several recent research reports. Raymond James upped their target price on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. BMO Capital Markets raised their target price on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Morgan Stanley boosted their price target on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. The Goldman Sachs Group lifted their price objective on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, Oppenheimer restated a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $153.08.

Insider Transactions at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,636,371.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction 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 sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was 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 directly owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Trading Up 0.2 %

Dollar General stock opened at $137.49 on Friday. The firm has a market cap of $30.20 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $221.50. The firm’s 50 day moving average price is $150.13 and its two-hundred day moving average price is $136.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19.

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

Dollar General Announces Dividend

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

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.