YorkBridge Wealth Partners LLC Raises Position in Dollar General Corp. (NYSE:DG)

YorkBridge Wealth Partners LLC raised its stake in shares of Dollar General Corp. (NYSE:DG) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 14,542 shares of the company’s stock after purchasing an additional 117 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Dollar General were worth $1,572,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DG. Vista Investment Management bought a new stake in Dollar General during the 4th quarter valued at $211,000. National Pension Service raised its holdings in Dollar General by 5.4% during the 4th quarter. National Pension Service now owns 321,220 shares of the company’s stock valued at $38,071,000 after acquiring an additional 16,480 shares during the period. Legal & General Group Plc raised its holdings in Dollar General by 9.2% during the 4th quarter. Legal & General Group Plc now owns 1,539,592 shares of the company’s stock valued at $166,375,000 after acquiring an additional 129,853 shares during the period. Thrivent Financial for Lutherans raised its holdings in Dollar General by 6.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 11,622 shares of the company’s stock valued at $1,256,000 after acquiring an additional 708 shares during the period. Finally, Segall Bryant & Hamill LLC raised its holdings in Dollar General by 0.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 50,129 shares of the company’s stock valued at $5,418,000 after acquiring an additional 234 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.

DG traded up $1.47 during trading on Monday, reaching $123.85. The stock had a trading volume of 1,527,583 shares, compared to its average volume of 2,215,943. The stock has a market cap of $31.82 billion, a PE ratio of 20.75, a P/E/G ratio of 1.53 and a beta of 0.71. The company has a quick ratio of 0.19, a current ratio of 1.55 and a debt-to-equity ratio of 0.45. Dollar General Corp. has a one year low of $86.87 and a one year high of $124.15.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 14th. The company reported $1.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The firm had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the prior year, the company earned $1.48 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts anticipate that Dollar General Corp. will post 6.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders 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 yield of 1.03%. This is a positive change 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 is presently 21.44%.

DG has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $126.00 price target on shares of Dollar General in a report on Thursday, March 14th. Zacks Investment Research cut shares of Dollar General from a “hold” rating to a “sell” rating in a report on Monday, March 25th. Raymond James set a $127.00 price target on shares of Dollar General and gave the stock a “buy” rating in a report on Tuesday, February 26th. Morgan Stanley set a $115.00 price target on shares of Dollar General and gave the stock a “buy” rating in a report on Wednesday, December 26th. Finally, Barclays raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $102.00 to $125.00 in a report on Monday, March 18th. Three analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $119.50.

In other news, EVP Robert D. Ravener sold 78,987 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the completion of the sale, the executive vice president now directly owns 62,434 shares in the company, valued at $7,353,476.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rhonda Taylor sold 16,636 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $119.64, for a total transaction of $1,990,331.04. Following the sale, the executive vice president now owns 33,513 shares of the company’s stock, valued at $4,009,495.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,282 shares of company stock valued at $15,926,314. Company insiders own 0.41% of the company’s stock.

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

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