Impact Partnership Wealth LLC Invests $631,000 in Dollar General Co. (NYSE:DG)

Impact Partnership Wealth LLC bought a new position in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 8,328 shares of the company’s stock, valued at approximately $631,000.

Other hedge funds have also added to or reduced their stakes in the company. Pzena Investment Management LLC increased its position in Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after buying an additional 8,388,735 shares during the period. Baupost Group LLC MA acquired a new position in Dollar General in the third quarter valued at about $194,832,000. State Street Corp raised its position in shares of Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after buying an additional 759,869 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Dollar General by 319.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after purchasing an additional 704,639 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Dollar General during the 3rd quarter worth $32,932,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the 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 completion of the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Sanford C. Bernstein started coverage on Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $96.77.

Dollar General Stock Up 0.9 %

Dollar General stock opened at $71.34 on Friday. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 2.11 and a beta of 0.44. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07. 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 firm has a 50 day simple moving average of $75.19 and a 200 day simple moving average of $90.41.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS 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 previous year, the business earned $1.26 earnings per share. The firm’s revenue for the quarter was up 5.0% 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.31%. Dollar General’s payout ratio is currently 38.88%.

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.