B. Riley Wealth Advisors Inc. Has $482,000 Stake in Dollar General Co. (NYSE:DG)

B. Riley Wealth Advisors Inc. trimmed its holdings in shares of Dollar General Co. (NYSE:DG) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,778 shares of the company’s stock after selling 781 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Dollar General were worth $482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General during the 3rd quarter valued at $33,000. Studio Investment Management LLC increased its holdings in Dollar General by 117.7% in the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in Dollar General in the second quarter valued at about $37,000. Quarry LP acquired a new position in Dollar General in the second quarter valued at about $46,000. Finally, Pathway Financial Advisers LLC grew its position in shares of Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after buying an additional 88 shares during the period. 91.77% of the stock is owned by institutional investors.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the transaction, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DG. BMO Capital Markets boosted their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Sanford C. Bernstein initiated coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective for the company. Bank of America upgraded Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Friday, December 6th. JPMorgan Chase & Co. lowered their price target on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Gordon Haskett upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $98.27.

Dollar General Price Performance

NYSE:DG opened at $73.89 on Friday. Dollar General Co. has a 52-week low of $72.12 and a 52-week high of $168.07. The company has a market cap of $16.25 billion, a P/E ratio of 12.17, a P/E/G ratio of 2.37 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock’s 50-day simple moving average is $78.51 and its 200 day simple moving average is $99.97.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). The company had revenue of $10.18 billion for 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% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. As a group, sell-side analysts forecast that Dollar General Co. will post 5.77 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Dollar General Company 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.