International Assets Investment Management LLC Makes New $18.86 Million Investment in Dollar General Co. (NYSE:DG)

International Assets Investment Management LLC acquired a new stake in Dollar General Co. (NYSE:DG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 138,736 shares of the company’s stock, valued at approximately $18,861,000. International Assets Investment Management LLC owned 0.06% of Dollar General at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. McGlone Suttner Wealth Management Inc. bought a new position in Dollar General during the fourth quarter valued at about $25,000. Studio Investment Management LLC bought a new stake in shares of Dollar General during the third quarter valued at approximately $26,000. Covestor Ltd raised its stake in shares of Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after purchasing an additional 99 shares in the last quarter. Lowe Wealth Advisors LLC bought a new position in Dollar General in the fourth quarter worth $33,000. Finally, Castleview Partners LLC boosted its stake in Dollar General by 42.7% during the third quarter. Castleview Partners LLC now owns 344 shares of the company’s stock worth $36,000 after buying an additional 103 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DG shares. Raymond James raised their price objective on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Truist Financial lifted their price objective on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, March 15th. BMO Capital Markets upped their price target on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. StockNews.com raised Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Evercore ISI lowered their target price on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a report on Tuesday, April 2nd. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $153.08.

Dollar General Trading Up 0.2 %

NYSE DG opened at $137.49 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $221.50. The company has a market capitalization of $30.20 billion, a PE ratio of 18.19, a P/E/G ratio of 2.45 and a beta of 0.44. The stock has a 50-day simple moving average of $150.07 and a 200 day simple moving average of $136.55.

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

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.72%. Dollar General’s payout ratio is 31.22%.

Insiders Place Their Bets

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

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.