TD Private Client Wealth LLC Sells 386 Shares of Dollar General Co. (NYSE:DG)

TD Private Client Wealth LLC lowered its stake in Dollar General Co. (NYSE:DG) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,621 shares of the company’s stock after selling 386 shares during the quarter. TD Private Client Wealth LLC’s holdings in Dollar General were worth $654,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in Dollar General during the 3rd quarter valued at about $212,000. Quest Partners LLC lifted its holdings in shares of Dollar General by 9,882.7% during the third quarter. Quest Partners LLC now owns 5,191 shares of the company’s stock valued at $439,000 after purchasing an additional 5,139 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of Dollar General by 48.5% in the 3rd quarter. Moors & Cabot Inc. now owns 2,924 shares of the company’s stock worth $247,000 after purchasing an additional 955 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Dollar General by 32.8% in the third quarter. Intech Investment Management LLC now owns 25,959 shares of the company’s stock worth $2,195,000 after acquiring an additional 6,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Dollar General by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after acquiring an additional 31,200 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 2.7 %

Shares of DG opened at $83.84 on Monday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company’s fifty day simple moving average is $74.58 and its 200-day simple moving average is $77.70. The company has a market cap of $18.44 billion, a P/E ratio of 13.81, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter last year, the firm earned $1.83 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.82%. Dollar General’s payout ratio is 46.18%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Evercore ISI decreased their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. BMO Capital Markets boosted their price target on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. Finally, Citigroup cut their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $92.26.

Insider Transactions at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

About Dollar General

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.