Dollar General Co. (NYSE:DG) Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its stake in shares of Dollar General Co. (NYSE:DG) by 6.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,559 shares of the company’s stock after acquiring an additional 1,187 shares during the quarter. NewEdge Wealth LLC’s holdings in Dollar General were worth $4,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DG. Capital Bank & Trust Co raised its holdings in Dollar General by 15,492.7% during the first quarter. Capital Bank & Trust Co now owns 150,314 shares of the company’s stock worth $30,457,000 after purchasing an additional 149,350 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of Dollar General by 44.9% in the 1st quarter. Fiera Capital Corp now owns 13,271 shares of the company’s stock valued at $2,689,000 after acquiring an additional 4,114 shares during the period. Employees Retirement System of Texas increased its holdings in shares of Dollar General by 16.2% in the 1st quarter. Employees Retirement System of Texas now owns 107,633 shares of the company’s stock valued at $21,809,000 after acquiring an additional 14,997 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Dollar General by 13.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 48,340 shares of the company’s stock valued at $10,460,000 after acquiring an additional 5,656 shares during the period. Finally, PRW Wealth Management LLC acquired a new position in shares of Dollar General in the 2nd quarter valued at $1,055,000. 89.25% of the stock is owned by institutional investors and hedge funds.

DG stock traded down $0.31 during trading on Thursday, hitting $218.71. The stock had a trading volume of 3,499 shares, compared to its average volume of 2,067,662. The company’s 50 day moving average price is $227.81 and its two-hundred day moving average price is $214.73. Dollar General Co. has a 1-year low of $173.50 and a 1-year high of $239.35. The stock has a market cap of $51.03 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.89 and a beta of 0.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.13 and a current ratio of 1.09.

Dollar General (NYSE:DG) last announced its earnings results on Wednesday, August 25th. The company reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.10. Dollar General had a net margin of 7.52% and a return on equity of 38.90%. The firm had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.59 billion. During the same quarter in the previous year, the company posted $3.12 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar General Co. will post 10.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 19th. Stockholders of record on Tuesday, October 5th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, October 4th. Dollar General’s dividend payout ratio is currently 15.82%.

A number of equities analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating and issued a C$245.00 target price on shares of Dollar General in a report on Monday, August 23rd. OTR Global cut shares of Dollar General to a “positive” rating in a research note on Tuesday, August 17th. Morgan Stanley boosted their price objective on shares of Dollar General from $225.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, August 27th. Telsey Advisory Group boosted their price objective on shares of Dollar General from $235.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, August 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Dollar General from $231.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, August 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $244.41.

Dollar General Profile

Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.

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

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