Samalin Investment Counsel LLC Buys 975 Shares of Dollar General Co. (NYSE:DG)

Samalin Investment Counsel LLC increased its stake in Dollar General Co. (NYSE:DGGet Rating) by 3,750.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,001 shares of the company’s stock after acquiring an additional 975 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Dollar General were worth $223,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DG. Delos Wealth Advisors LLC bought a new stake in Dollar General during the 4th quarter valued at $25,000. Toth Financial Advisory Corp bought a new stake in Dollar General during the 1st quarter valued at $32,000. Cambridge Trust Co. increased its stake in Dollar General by 130.9% during the 1st quarter. Cambridge Trust Co. now owns 157 shares of the company’s stock valued at $35,000 after purchasing an additional 89 shares in the last quarter. Covestor Ltd bought a new stake in Dollar General during the 4th quarter valued at $39,000. Finally, Comprehensive Financial Consultants Institutional Inc. purchased a new position in Dollar General during the 4th quarter worth $41,000. Institutional investors own 91.61% of the company’s stock.

Insider Buying and Selling at Dollar General

In other news, CEO Todd J. Vasos sold 108,537 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $241.09, for a total transaction of $26,167,185.33. Following the sale, the chief executive officer now directly owns 147,006 shares in the company, valued at $35,441,676.54. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Todd J. Vasos sold 108,537 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $241.09, for a total transaction of $26,167,185.33. Following the sale, the chief executive officer now directly owns 147,006 shares in the company, valued at $35,441,676.54. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John W. Garratt sold 9,570 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $238.11, for a total value of $2,278,712.70. Following the sale, the chief financial officer now owns 24,727 shares in the company, valued at $5,887,745.97. The disclosure for this sale can be found here. Insiders have sold a total of 280,422 shares of company stock valued at $67,506,787 over the last three months. 0.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DG has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Dollar General from $260.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, August 22nd. Piper Sandler lifted their price objective on shares of Dollar General from $265.00 to $273.00 and gave the stock an “overweight” rating in a report on Friday, August 26th. The Goldman Sachs Group lifted their price objective on shares of Dollar General from $258.00 to $296.00 and gave the stock a “buy” rating in a report on Friday, August 26th. StockNews.com raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Friday, August 26th. Finally, Gordon Haskett raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.46.

Dollar General Price Performance

NYSE DG opened at $247.26 on Friday. The company has a market cap of $55.77 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.95 and a beta of 0.42. Dollar General Co. has a 52 week low of $183.25 and a 52 week high of $262.20. The company has a quick ratio of 0.10, a current ratio of 1.02 and a debt-to-equity ratio of 0.69. The firm’s 50-day simple moving average is $248.19 and its two-hundred day simple moving average is $235.04.

Dollar General (NYSE:DGGet Rating) last released its quarterly earnings data on Thursday, August 25th. The company reported $2.98 EPS for the quarter, beating the consensus estimate of $2.94 by $0.04. The business had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.40 billion. Dollar General had a net margin of 6.55% and a return on equity of 37.64%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 earnings per share. Research analysts predict that Dollar General Co. will post 11.57 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Tuesday, October 4th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Monday, October 3rd. Dollar General’s dividend payout ratio (DPR) is presently 21.91%.

Dollar General Profile

(Get Rating)

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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