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

Thrive Wealth Management LLC lifted its holdings in Dollar General Co. (NYSE:DG) by 36.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,668 shares of the company’s stock after acquiring an additional 975 shares during the quarter. Thrive Wealth Management LLC’s holdings in Dollar General were worth $572,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Dollar General by 162.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after buying an additional 11,257,537 shares during the period. Vanguard Group Inc. grew its position in Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after buying an additional 3,457,393 shares during the period. Norges Bank acquired a new stake in Dollar General during the fourth quarter valued at $337,150,000. Capital International Investors grew its position in Dollar General by 13.9% during the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after buying an additional 2,273,119 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Dollar General by 98.1% during the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after buying an additional 1,043,141 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Up 0.6 %

DG stock traded up $0.81 during trading on Friday, reaching $131.09. 338,636 shares of the stock were exchanged, compared to its average volume of 2,404,828. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average price of $136.33 and a 200-day moving average price of $139.91. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $173.47. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 2.54 and a beta of 0.45.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the previous year, the firm earned $2.34 earnings per share. Dollar General’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio is presently 34.35%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DG. JPMorgan Chase & Co. dropped their price target on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Loop Capital raised their price target on shares of Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets decreased their price objective on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company decreased their price objective on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a report on Thursday, May 30th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $148.23.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

About Dollar General

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.