Dollar General Co. (NYSE:DG) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in Dollar General Co. (NYSE:DG) by 126.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 498 shares of the company’s stock after acquiring an additional 278 shares during the quarter. Venturi Wealth Management LLC’s holdings in Dollar General were worth $38,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General during the 3rd quarter valued at $33,000. Bogart Wealth LLC raised its position in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Dollar General in the 4th quarter worth $39,000. Kentucky Trust Co purchased a new position in shares of Dollar General in the 4th quarter worth $48,000. Finally, Studio Investment Management LLC raised its position in shares of Dollar General by 200.4% in the 3rd quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock worth $72,000 after buying an additional 567 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DG shares. The Goldman Sachs Group cut their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Telsey Advisory Group cut their target price on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. Jefferies Financial Group cut their price objective on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Evercore ISI cut their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company cut their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $96.77.

Dollar General Stock Down 0.6 %

Shares of Dollar General stock opened at $78.53 on Wednesday. The company has a market capitalization of $17.27 billion, a PE ratio of 12.94, a P/E/G ratio of 2.18 and a beta of 0.43. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07. The business has a 50-day moving average of $73.39 and a 200-day moving average of $81.88. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.26 earnings per share. As a group, equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.01%. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.