Western Wealth Management LLC Invests $281,000 in Dollar General Co. (NYSE:DG)

Western Wealth Management LLC bought a new position in Dollar General Co. (NYSE:DG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,068 shares of the company’s stock, valued at approximately $281,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Obermeyer Wood Investment Counsel Lllp purchased a new stake in Dollar General in the fourth quarter worth approximately $318,000. Federated Hermes Inc. boosted its stake in shares of Dollar General by 41.0% during the fourth quarter. Federated Hermes Inc. now owns 423 shares of the company’s stock valued at $58,000 after purchasing an additional 123 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Dollar General by 2.6% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,094 shares of the company’s stock valued at $1,236,000 after purchasing an additional 234 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Dollar General by 6.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 21,353 shares of the company’s stock valued at $2,903,000 after purchasing an additional 1,263 shares during the period. Finally, Desjardins Global Asset Management Inc. boosted its stake in shares of Dollar General by 12.8% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,971 shares of the company’s stock valued at $404,000 after purchasing an additional 336 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Down 1.4 %

DG opened at $142.85 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average price of $149.76 and a 200-day moving average price of $134.80. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $222.99. The stock has a market capitalization of $31.38 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.59 and a beta of 0.42.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the company earned $2.96 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.59 per share. The ex-dividend date is Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.65%. Dollar General’s dividend payout ratio (DPR) is currently 31.22%.

Insider Buying and Selling at Dollar General

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Argus increased their price objective on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Piper Sandler restated a “neutral” rating and set a $147.00 target price (up previously from $127.00) on shares of Dollar General in a report on Friday, March 15th. Evercore ISI decreased their target price on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $153.08.

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.