Kwmg LLC Has $5.42 Million Stake in Dollar General Co. (NYSE:DG)

Kwmg LLC increased its position in Dollar General Co. (NYSE:DG) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,715 shares of the company’s stock after buying an additional 899 shares during the quarter. Kwmg LLC’s holdings in Dollar General were worth $5,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in DG. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General in the fourth quarter valued at approximately $25,000. Studio Investment Management LLC acquired a new stake in Dollar General during the 3rd quarter valued at approximately $26,000. Burkett Financial Services LLC acquired a new stake in Dollar General during the 4th quarter valued at approximately $26,000. Fortis Group Advisors LLC increased its position in Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Finally, MV Capital Management Inc. increased its position in Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DG shares. Piper Sandler decreased their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Raymond James increased their target price on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. The Goldman Sachs Group raised their target price on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Argus raised their target price on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Wells Fargo & Company dropped their price target on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $148.00.

Insider Activity

In related news, 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 transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. 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 firm’s 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 sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available through 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 value of $468,561.48. Following the completion of the sale, 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. Insiders own 0.49% of the company’s stock.

Dollar General Stock Up 0.1 %

Shares of Dollar General stock traded up $0.13 during trading on Wednesday, reaching $128.65. The company’s stock had a trading volume of 1,796,604 shares, compared to its average volume of 2,415,925. The company has a 50-day simple moving average of $136.64 and a two-hundred day simple moving average of $139.99. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $173.47. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. The company has a market cap of $28.29 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 2.53 and a beta of 0.45.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 annualized dividend and a dividend yield of 1.83%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

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.