Prestige Wealth Management Group LLC Cuts Position in Dollar General Co. (NYSE:DG)

Prestige Wealth Management Group LLC lowered its position in shares of Dollar General Co. (NYSE:DG) by 96.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 523 shares of the company’s stock after selling 14,683 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Dollar General were worth $40,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of Dollar General during the fourth quarter worth about $57,000. Eagle Rock Investment Company LLC lifted its position in Dollar General by 16.3% during the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after acquiring an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. purchased a new position in Dollar General in the 4th quarter worth approximately $2,018,000. DAVENPORT & Co LLC grew its position in Dollar General by 5,624.9% in the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock valued at $24,385,000 after acquiring an additional 316,005 shares in the last quarter. Finally, Cynosure Group LLC raised its stake in shares of Dollar General by 710.7% during the third quarter. Cynosure Group LLC now owns 25,343 shares of the company’s stock valued at $2,143,000 after purchasing an additional 22,217 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. BMO Capital Markets boosted their price target on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. The Goldman Sachs Group lowered their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Citigroup cut their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. Finally, Wells Fargo & Company decreased their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $92.26.

Dollar General Stock Performance

DG opened at $82.62 on Wednesday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12. The stock has a market cap of $18.17 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The business’s 50 day moving average is $75.08 and its 200-day moving average is $77.72. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is currently 46.18%.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Dollar General 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.