Pinnacle Financial Partners Inc. purchased a new stake in shares of Dollar General Corp. (NYSE:DG) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 17,368 shares of the company’s stock, valued at approximately $1,615,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Dollar General during the fourth quarter valued at about $130,000. Calton & Associates Inc. acquired a new stake in shares of Dollar General during the fourth quarter valued at about $144,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Dollar General by 104.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock valued at $200,000 after acquiring an additional 1,102 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. acquired a new stake in shares of Dollar General during the fourth quarter valued at about $205,000. Finally, Burns J W & Co. Inc. NY acquired a new stake in shares of Dollar General during the fourth quarter valued at about $207,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Dollar General Corp. (NYSE:DG) opened at $96.86 on Wednesday. Dollar General Corp. has a 12 month low of $65.97 and a 12 month high of $105.82. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. The stock has a market cap of $25,822.98, a P/E ratio of 20.67, a P/E/G ratio of 1.58 and a beta of 1.00.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. equities research analysts forecast that Dollar General Corp. will post 4.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.07%. Dollar General’s dividend payout ratio is currently 23.01%.

In other Dollar General news, EVP Robert D. Ravener sold 11,368 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at $2,097,320.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Anita C. Elliott sold 2,012 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $92.82, for a total transaction of $186,753.84. Following the sale, the senior vice president now directly owns 14,969 shares in the company, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. Insiders sold 20,916 shares of company stock valued at $1,924,881 in the last quarter. 0.32% of the stock is owned by insiders.

Several research analysts have recently commented on the stock. Argus reissued a “hold” rating on shares of Dollar General in a research note on Thursday, February 8th. They noted that the move was a valuation call. ValuEngine raised shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Wells Fargo & Co raised shares of Dollar General from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $102.27 to $117.00 in a research note on Tuesday, January 23rd. Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, February 6th. Finally, UBS Group reissued a “buy” rating and issued a $99.00 price objective (up previously from $85.00) on shares of Dollar General in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $91.98.

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Dollar General Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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