Accurate Wealth Management LLC Takes Position in Dollar General Co. (NYSE:DG)

Accurate Wealth Management LLC bought a new stake in Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,692 shares of the company's stock, valued at approximately $620,000.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the third quarter valued at $33,000. Quarry LP purchased a new position in shares of Dollar General during the 2nd quarter worth about $46,000. Pathway Financial Advisers LLC boosted its position in shares of Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company's stock worth $50,000 after acquiring an additional 88 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in Dollar General in the third quarter valued at approximately $57,000. Finally, Bruce G. Allen Investments LLC increased its position in Dollar General by 37.7% during the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company's stock worth $67,000 after purchasing an additional 217 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Up 1.2 %

Shares of DG stock traded up $0.81 during trading hours on Thursday, hitting $69.38. 3,447,787 shares of the company were exchanged, compared to its average volume of 3,798,007. The stock has a market capitalization of $15.26 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 2.12 and a beta of 0.44. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The business's 50-day simple moving average is $76.06 and its two-hundred day simple moving average is $92.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $1.26 EPS. Sell-side analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, January 7th. Dollar General's dividend payout ratio (DPR) is presently 38.88%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DG shares. Jefferies Financial Group decreased their price target on shares of Dollar General from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Wells Fargo & Company lowered their price target on Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, December 5th. Sanford C. Bernstein assumed coverage on Dollar General in a report on Tuesday, October 22nd. They issued an "outperform" rating and a $98.00 price objective on the stock. Evercore ISI decreased their target price on Dollar General from $97.00 to $95.00 and set an "in-line" rating for the company in a report on Tuesday, December 3rd. Finally, Telsey Advisory Group cut their price target on shares of Dollar General from $103.00 to $90.00 and set a "market perform" rating on the stock in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $98.18.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares of the company's stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 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.