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

Integrated Wealth Concepts LLC increased its holdings in Dollar General Co. (NYSE:DG) by 23.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 11,466 shares of the company’s stock after buying an additional 2,213 shares during the period. Integrated Wealth Concepts LLC’s holdings in Dollar General were worth $970,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Czech National Bank lifted its stake in Dollar General by 8.4% in the second quarter. Czech National Bank now owns 41,860 shares of the company’s stock valued at $5,535,000 after buying an additional 3,240 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in Dollar General by 3.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,341 shares of the company’s stock valued at $574,000 after purchasing an additional 143 shares during the last quarter. Diversified Trust Co acquired a new position in Dollar General during the 2nd quarter valued at about $646,000. V Square Quantitative Management LLC grew its position in Dollar General by 7.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 2,547 shares of the company’s stock worth $337,000 after purchasing an additional 175 shares during the last quarter. Finally, ORG Partners LLC increased its stake in shares of Dollar General by 8,300.0% in the second quarter. ORG Partners LLC now owns 756 shares of the company’s stock valued at $99,000 after purchasing an additional 747 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 2.5 %

Shares of NYSE:DG opened at $81.59 on Monday. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The company has a market cap of $17.94 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 2.33 and a beta of 0.44. The firm has a 50 day simple moving average of $79.52 and a 200 day simple moving average of $103.33.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. As a group, research analysts expect that Dollar General Co. will post 5.78 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DG shares. BMO Capital Markets increased their price objective on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday. The Goldman Sachs Group decreased their price target on Dollar General from $122.00 to $104.00 and set a “buy” rating for the company in a research note on Friday. Sanford C. Bernstein initiated coverage on Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target on the stock. Daiwa America downgraded shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dollar General has an average rating of “Hold” and an average target price of $98.27.

Insider Buying and Selling

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Warren F. Bryant purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $80.83 per share, with a total value of $80,830.00. Following the purchase, the director now owns 42,030 shares in the company, valued at $3,397,284.90. This represents a 2.44 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.