Mission Wealth Management LP Trims Position in Dollar General Co. (NYSE:DG)

Mission Wealth Management LP decreased its holdings in Dollar General Co. (NYSE:DG) by 5.8% in the fourth quarter, according to its most recent Form 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 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in DG. Vanguard Group Inc. increased its stake in shares of Dollar General by 18.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after acquiring an additional 3,457,393 shares in the last quarter. Northern Trust Corp boosted its position in shares of Dollar General by 2.8% in the 3rd quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock worth $248,278,000 after purchasing an additional 62,913 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of 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 worth $222,884,000 after buying an additional 1,043,141 shares during the last quarter. Invesco Ltd. increased its position in Dollar General by 44.2% during 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Dollar General by 78.6% during the third 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. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale 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 business’s stock in a transaction dated 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 owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DG has been the subject of several analyst reports. Raymond James raised their price target on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Evercore ISI lowered their price objective on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 2nd. Argus upped their price target on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Morgan Stanley lifted their price target on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Fifteen research 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, Dollar General currently has an average rating of “Hold” and an average target price of $153.08.

Dollar General Price Performance

Dollar General stock opened at $137.49 on Friday. The firm has a market capitalization of $30.20 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $221.50. The firm has a 50-day moving average price of $150.13 and a 200-day moving average price of $136.38. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92.

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 return on equity of 26.13% and a net margin of 4.29%. The business had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the business earned $2.96 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.72%. Dollar General’s dividend payout ratio (DPR) is currently 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.