Axxcess Wealth Management LLC Has $462,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Axxcess Wealth Management LLC grew its stake in shares of Dollar General Co. (NYSE:DG) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,396 shares of the company’s stock after purchasing an additional 494 shares during the period. Axxcess Wealth Management LLC’s holdings in Dollar General were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC boosted its position in shares of Dollar General by 426.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 10,535 shares of the company’s stock valued at $1,432,000 after buying an additional 8,534 shares during the last quarter. Malaga Cove Capital LLC raised its position in shares of Dollar General by 17.4% during the 4th quarter. Malaga Cove Capital LLC now owns 9,553 shares of the company’s stock valued at $1,299,000 after buying an additional 1,413 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Dollar General by 60.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 20,132 shares of the company’s stock worth $2,737,000 after acquiring an additional 7,592 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Dollar General by 18.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,981 shares of the company’s stock valued at $541,000 after purchasing an additional 610 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its stake in Dollar General by 53.1% during the fourth quarter. Natixis Advisors L.P. now owns 259,837 shares of the company’s stock worth $35,323,000 after purchasing an additional 90,120 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

DG opened at $139.92 on Wednesday. The stock has a market capitalization of $30.74 billion, a P/E ratio of 18.51, a P/E/G ratio of 2.46 and a beta of 0.44. The company’s 50-day simple moving average is $149.93 and its two-hundred day simple moving average is $137.15. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $221.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. The business 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%. Dollar General’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.96 earnings per share. As a group, analysts predict that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The firm 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. This represents a $2.36 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio is presently 31.22%.

Insider Activity at Dollar General

In related news, Director Ralph Santana sold 3,009 shares of the stock in a transaction dated 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 transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The shares were 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 directly 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 Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DG. The Goldman Sachs Group lifted their target price on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research note on Tuesday, April 2nd. Piper Sandler reissued a “neutral” rating and issued a $147.00 target price (up from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Finally, Evercore ISI cut their price objective on Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.