Fortis Group Advisors LLC Acquires 100 Shares of Dollar General Co. (NYSE:DG)

Fortis Group Advisors LLC grew its stake in shares of Dollar General Co. (NYSE:DG) by 100.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200 shares of the company’s stock after buying an additional 100 shares during the period. Fortis Group Advisors LLC’s holdings in Dollar General were worth $27,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of DG. McGlone Suttner Wealth Management Inc. bought a new position in shares of Dollar General during the 4th quarter valued at about $25,000. Studio Investment Management LLC bought a new stake in Dollar General in the 3rd quarter worth approximately $26,000. Burkett Financial Services LLC bought a new stake in Dollar General in the 4th quarter worth approximately $26,000. MV Capital Management Inc. raised its holdings in shares of Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Dollar General by 48.3% during the 3rd quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on DG shares. BMO Capital Markets dropped their price objective on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. Argus upped their target price on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Telsey Advisory Group restated an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a report on Thursday, May 30th. Morgan Stanley lifted their target price on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Finally, Loop Capital decreased their price objective on shares of Dollar General from $150.00 to $135.00 and set a “hold” rating for the company in a report on Friday, May 31st. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $148.41.

Dollar General Stock Up 1.3 %

DG stock traded up $1.67 on Friday, hitting $125.79. 1,708,918 shares of the company’s stock were exchanged, compared to its average volume of 2,977,328. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The stock has a market cap of $27.66 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 2.47 and a beta of 0.45. The firm has a 50 day moving average price of $139.86 and a two-hundred day moving average price of $140.21. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $173.47.

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

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio is presently 34.35%.

Insider Buying and Selling at Dollar General

In related news, Director Ralph Santana sold 3,009 shares of the firm’s 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 transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Ralph Santana sold 3,009 shares of Dollar General 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 directly owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’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 value of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.