Thrive Wealth Management LLC Buys 975 Shares of Dollar General Co. (NYSE:DG)

Thrive Wealth Management LLC grew its stake in shares of Dollar General Co. (NYSE:DG) by 36.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,668 shares of the company’s stock after acquiring an additional 975 shares during the quarter. Thrive Wealth Management LLC’s holdings in Dollar General were worth $572,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after buying an additional 3,360,413 shares in the last quarter. Capital International Investors raised its holdings in shares of Dollar General by 13.9% during the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after buying an additional 2,273,119 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after buying an additional 11,257,537 shares in the last quarter. Capital World Investors raised its holdings in shares of Dollar General by 1.0% during the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock worth $1,776,629,000 after buying an additional 133,591 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Dollar General during the 4th quarter worth $337,150,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Up 0.6 %

NYSE:DG traded up $0.81 on Friday, hitting $131.09. The stock had a trading volume of 338,636 shares, compared to its average volume of 2,404,828. The business’s fifty day moving average is $136.33 and its 200 day moving average is $139.91. The company has a market cap of $28.83 billion, a PE ratio of 18.97, a P/E/G ratio of 2.54 and a beta of 0.45. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47.

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

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 annualized dividend and a yield of 1.80%. Dollar General’s payout ratio is currently 34.35%.

Wall Street Analyst Weigh In

DG has been the subject of a number of recent research reports. Evercore ISI upped their target price on Dollar General from $150.00 to $151.00 and gave the stock an “in-line” rating in a report on Thursday, June 20th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 target price on shares of Dollar General in a report on Thursday, May 30th. Loop Capital upped their target price on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday. Piper Sandler lowered their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Finally, Morgan Stanley upped their target price on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $148.23.

Insiders Place Their Bets

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the 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 directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the 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 directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. Corporate 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.