Absher Wealth Management LLC Purchases 15,915 Shares of Dollar General Co. (NYSE:DG)

Absher Wealth Management LLC raised its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 204.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,710 shares of the company's stock after buying an additional 15,915 shares during the period. Absher Wealth Management LLC's holdings in Dollar General were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pzena Investment Management LLC increased its position in Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock valued at $865,903,000 after acquiring an additional 8,388,735 shares in the last quarter. State Street Corp raised its position in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company's stock worth $842,208,000 after purchasing an additional 759,869 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Dollar General by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company's stock worth $441,899,000 after buying an additional 182,300 shares in the last quarter. Baupost Group LLC MA bought a new position in Dollar General in the 3rd quarter valued at $194,832,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Dollar General by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company's stock valued at $121,355,000 after buying an additional 31,200 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DG shares. Evercore ISI decreased their price target on Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a report on Tuesday, December 3rd. Gordon Haskett lowered shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Bank of America raised shares of Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 price target for the company in a research note on Friday, December 6th. BMO Capital Markets raised their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Finally, HSBC cut their price target on Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $96.77.

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 on 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. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares of the company's stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Dollar General Stock Down 0.1 %

Shares of DG stock traded down $0.10 on Friday, hitting $72.51. 3,511,596 shares of the stock were exchanged, compared to its average volume of 3,254,984. The business has a 50-day moving average of $74.31 and a 200 day moving average of $85.86. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The firm has a market capitalization of $15.95 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. Equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.25%. Dollar General's dividend payout ratio (DPR) is presently 38.88%.

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.