Magellan Asset Management Ltd Acquires 71,977 Shares of Dollar General Co. (NYSE:DG)

Magellan Asset Management Ltd increased its position in Dollar General Co. (NYSE:DG - Free Report) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 657,670 shares of the company's stock after acquiring an additional 71,977 shares during the quarter. Magellan Asset Management Ltd owned about 0.30% of Dollar General worth $49,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DG. IMG Wealth Management Inc. bought a new position in shares of Dollar General in the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new position in Dollar General in the 3rd quarter worth approximately $33,000. Providence First Trust Co acquired a new position in shares of Dollar General during the fourth quarter worth approximately $33,000. Bogart Wealth LLC boosted its position in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after acquiring an additional 361 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after acquiring an additional 278 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DG shares. UBS Group cut their target price on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Citigroup cut their price objective on shares of Dollar General from $73.00 to $69.00 and set a "sell" rating for the company in a research report on Friday, March 7th. Telsey Advisory Group reissued a "market perform" rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. Barclays lowered their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. Finally, Gordon Haskett lowered Dollar General from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $92.26.

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Dollar General Price Performance

Dollar General stock traded down $1.60 on Friday, reaching $92.82. The company's stock had a trading volume of 10,627,876 shares, compared to its average volume of 3,752,637. The business's fifty day moving average price is $78.10 and its 200 day moving average price is $78.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $159.52.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.54%. The ex-dividend date is Tuesday, April 8th. Dollar General's dividend payout ratio is 46.18%.

Dollar General Company 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.