BTIM Corp. raised its stake in shares of Dollar General Corp. (NYSE:DG) by 6.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 318,024 shares of the company’s stock after acquiring an additional 18,920 shares during the period. BTIM Corp.’s holdings in Dollar General were worth $37,940,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in DG. Advocacy Wealth Management Services LLC grew its holdings in shares of Dollar General by 96.4% in the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after purchasing an additional 133 shares in the last quarter. WESPAC Advisors SoCal LLC bought a new stake in Dollar General in the fourth quarter worth $30,000. Whittier Trust Co. lifted its position in Dollar General by 66.3% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after buying an additional 116 shares during the last quarter. We Are One Seven LLC bought a new stake in Dollar General in the fourth quarter worth $35,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in Dollar General by 282.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock worth $41,000 after buying an additional 282 shares during the last quarter. 98.05% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:DG traded down $0.15 on Tuesday, hitting $123.70. 1,743,377 shares of the company’s stock were exchanged, compared to its average volume of 2,209,519. Dollar General Corp. has a 12 month low of $86.87 and a 12 month high of $124.66. The company has a market cap of $32.10 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.53 and a beta of 0.71. The company has a current ratio of 1.55, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.03%. This is an increase from Dollar General’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is 21.44%.
DG has been the subject of a number of analyst reports. ValuEngine upgraded Dollar General from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Morgan Stanley set a $115.00 price target on Dollar General and gave the stock a “buy” rating in a research report on Wednesday, December 26th. JPMorgan Chase & Co. raised their price target on Dollar General to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 9th. BMO Capital Markets initiated coverage on Dollar General in a research report on Thursday, January 10th. They issued an “outperform” rating and a $115.50 price target for the company. Finally, Wells Fargo & Co raised their price target on Dollar General from $118.00 to $129.00 and gave the stock an “outperform” rating in a research report on Friday, January 11th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Dollar General currently has an average rating of “Buy” and an average target price of $119.50.
In related news, EVP Rhonda Taylor sold 16,636 shares of Dollar General stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $119.64, for a total value of $1,990,331.04. Following the completion of the sale, the executive vice president now directly owns 33,513 shares in the company, valued at $4,009,495.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert D. Ravener sold 38,659 shares of Dollar General stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $119.84, for a total value of $4,632,894.56. Following the completion of the sale, the executive vice president now owns 39,739 shares of the company’s stock, valued at $4,762,321.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,282 shares of company stock valued at $15,926,314. Corporate insiders own 0.41% of the company’s stock.
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Dollar General Company Profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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