Kwmg LLC Has $3.72 Million Stock Position in Dollar General Co. (NYSE:DG)

Kwmg LLC raised its holdings in shares of Dollar General Co. (NYSE:DG) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,069 shares of the company’s stock after buying an additional 7,655 shares during the quarter. Kwmg LLC’s holdings in Dollar General were worth $3,720,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Dollar General in the third quarter worth $33,000. Quarry LP acquired a new stake in shares of Dollar General during the 2nd quarter valued at about $46,000. Pathway Financial Advisers LLC increased its stake in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares during the period. ORG Wealth Partners LLC bought a new position in Dollar General during the third quarter worth about $57,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in Dollar General by 37.7% during the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after purchasing an additional 217 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Melius Research initiated coverage on shares of Dollar General in a report on Monday, September 23rd. They set a “hold” rating and a $85.00 price objective on the stock. Gordon Haskett raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Wells Fargo & Company reduced their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Finally, BMO Capital Markets lifted their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $98.18.

Dollar General Stock Up 0.3 %

Shares of Dollar General stock traded up $0.22 during trading hours on Monday, reaching $71.58. 4,017,939 shares of the company’s stock were exchanged, compared to its average volume of 3,758,930. Dollar General Co. has a fifty-two week low of $70.15 and a fifty-two week high of $168.07. The stock has a market cap of $15.74 billion, a P/E ratio of 11.79, a P/E/G ratio of 2.29 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $76.51 and a two-hundred day moving average of $93.47.

Dollar General (NYSE:DG) last released its 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). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Dollar General’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar General Co. will post 5.76 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.