81,217 Shares in Dollar General Co. (NYSE:DG) Bought by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY acquired a new position in Dollar General Co. (NYSE:DG) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 81,217 shares of the company’s stock, valued at approximately $6,158,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Dollar General by 32.7% in the 4th quarter. Pacer Advisors Inc. now owns 28,565 shares of the company’s stock valued at $2,166,000 after buying an additional 7,035 shares in the last quarter. Cornerstone Wealth Group LLC acquired a new position in shares of Dollar General in the fourth quarter worth $6,168,000. Blue Trust Inc. lifted its position in shares of Dollar General by 63.6% in the fourth quarter. Blue Trust Inc. now owns 2,576 shares of the company’s stock valued at $195,000 after acquiring an additional 1,001 shares in the last quarter. Stablepoint Partners LLC boosted its stake in shares of Dollar General by 11.0% during the fourth quarter. Stablepoint Partners LLC now owns 9,120 shares of the company’s stock valued at $691,000 after acquiring an additional 907 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. increased its position in Dollar General by 71.5% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,816 shares of the company’s stock worth $214,000 after purchasing an additional 1,174 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 2.0 %

NYSE DG opened at $73.24 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The business has a 50 day moving average price of $75.00 and a two-hundred day moving average price of $89.34. The stock has a market cap of $16.11 billion, a PE ratio of 12.07, a P/E/G ratio of 2.11 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business posted $1.26 earnings per share. Dollar General’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DG. Jefferies Financial Group decreased their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Sanford C. Bernstein initiated coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price on the stock. Evercore ISI lowered their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Morgan Stanley cut their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Finally, Telsey Advisory Group lowered their target price on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Dollar General has an average rating of “Hold” and an average price target of $96.77.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.