Dollar General Co. (NYSE:DG) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC increased its stake in shares of Dollar General Co. (NYSE:DG) by 101.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,130 shares of the company’s stock after purchasing an additional 11,664 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Dollar General were worth $1,754,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Dollar General by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company’s stock worth $1,913,036,000 after purchasing an additional 160,853 shares during the period. Pzena Investment Management LLC grew its position in Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after buying an additional 1,528,450 shares during the period. Geode Capital Management LLC lifted its position in shares of Dollar General by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock valued at $405,425,000 after acquiring an additional 118,204 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Dollar General during the 4th quarter valued at approximately $399,433,000. Finally, ACR Alpine Capital Research LLC grew its holdings in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after acquiring an additional 3,994,070 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DG shares. Melius Research raised Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Truist Financial increased their price objective on shares of Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a report on Tuesday, April 8th. The Goldman Sachs Group dropped their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. UBS Group decreased their price objective on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and raised their price target for the company from $69.00 to $101.00 in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $94.75.

Dollar General Price Performance

Shares of NYSE:DG opened at $92.49 on Tuesday. The business’s 50 day moving average is $84.62 and its 200-day moving average is $78.90. 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 market capitalization of $20.34 billion, a PE ratio of 15.24, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.87.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.83 earnings per share. Sell-side analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.55%. Dollar General’s dividend payout ratio is currently 46.18%.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by insiders.

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.