Newbridge Financial Services Group Inc. Buys 1,956 Shares of Dollar General Co. (NYSE:DG)

Newbridge Financial Services Group Inc. boosted its stake in shares of Dollar General Co. (NYSE:DG) by 106.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,799 shares of the company’s stock after buying an additional 1,956 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Dollar General were worth $516,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DG. Comerica Bank acquired a new stake in Dollar General during the 3rd quarter valued at approximately $12,047,000. Prime Capital Investment Advisors LLC raised its stake in Dollar General by 294.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after buying an additional 14,127 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Dollar General in the fourth quarter valued at $18,861,000. Professional Advisory Services Inc. boosted its position in Dollar General by 12.6% during the fourth quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock valued at $20,523,000 after acquiring an additional 16,899 shares during the last quarter. Finally, FIL Ltd boosted its position in Dollar General by 31.4% during the fourth quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock valued at $182,194,000 after acquiring an additional 320,157 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DG. The Goldman Sachs Group boosted their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. BMO Capital Markets dropped their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research note on Friday, May 31st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Thursday, May 30th. Wells Fargo & Company dropped their target price on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 4th. Finally, Argus raised their price target on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $148.41.

Dollar General Stock Down 0.7 %

Shares of DG stock traded down $0.93 on Tuesday, hitting $125.96. The stock had a trading volume of 89,794 shares, compared to its average volume of 2,397,220. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $173.47. The stock has a market cap of $27.70 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.47 and a beta of 0.45. The business has a 50 day moving average of $139.26 and a 200 day moving average of $140.18. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.34 EPS. As a group, analysts expect that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio is presently 34.35%.

Insider Transactions at Dollar General

In related news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction dated 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 owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Company 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.