Marks Group Wealth Management Inc Sells 27,050 Shares of Dollar General Co. (NYSE:DG)

Marks Group Wealth Management Inc lessened its stake in Dollar General Co. (NYSE:DG) by 92.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,273 shares of the company’s stock after selling 27,050 shares during the period. Marks Group Wealth Management Inc’s holdings in Dollar General were worth $309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Comerica Bank bought a new position in Dollar General during the 3rd quarter valued at approximately $12,047,000. Prime Capital Investment Advisors LLC raised its position in shares of Dollar General by 294.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after acquiring an additional 14,127 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Dollar General in the 4th quarter worth approximately $18,861,000. Professional Advisory Services Inc. raised its position in shares of Dollar General by 12.6% in the 4th quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock worth $20,523,000 after acquiring an additional 16,899 shares in the last quarter. Finally, Live Oak Private Wealth LLC bought a new position in shares of Dollar General in the 3rd quarter worth approximately $1,374,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 0.0 %

DG opened at $142.67 on Wednesday. The firm has a market cap of $31.34 billion, a P/E ratio of 18.88, a P/E/G ratio of 2.55 and a beta of 0.42. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average of $149.98 and a 200 day moving average of $135.07.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.74 by $0.09. The company had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.96 earnings per share. As a group, research analysts forecast that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.65%. Dollar General’s dividend payout ratio is currently 31.22%.

Insider Buying and Selling

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred 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 $4,636,371.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following 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. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Argus raised their price target on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Evercore ISI dropped their price target on Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 2nd. The Goldman Sachs Group raised their price target on Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $153.08.

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.