Verition Fund Management LLC Has $8.91 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Verition Fund Management LLC boosted its holdings in shares of Dollar General Co. (NYSE:DGFree Report) by 2,289.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,551 shares of the company’s stock after buying an additional 62,808 shares during the period. Verition Fund Management LLC’s holdings in Dollar General were worth $8,912,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Dollar General in the fourth quarter valued at about $25,000. Studio Investment Management LLC purchased a new stake in shares of Dollar General in the third quarter valued at about $26,000. Burkett Financial Services LLC purchased a new stake in shares of Dollar General in the fourth quarter valued at about $26,000. MV Capital Management Inc. raised its holdings in shares of Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Up 0.9 %

Shares of Dollar General stock opened at $127.72 on Tuesday. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $173.47. The company has a market cap of $28.09 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.49 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The company’s 50-day moving average price is $142.48 and its 200-day moving average price is $140.25.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the prior year, the firm posted $2.34 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts expect that Dollar General Co. will post 7.22 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Activity at Dollar General

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 sale, 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 is available at the SEC website. 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 transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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 disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 target price on shares of Dollar General in a report on Thursday, May 30th. 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. JPMorgan Chase & Co. reduced their price target on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. BMO Capital Markets reduced their price target on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Finally, Wells Fargo & Company reduced their price target on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $148.41.

View Our Latest Report on DG

Dollar General Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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