Sagespring Wealth Partners LLC Purchases New Shares in Dollar General Co. (NYSE:DG)

Sagespring Wealth Partners LLC acquired a new stake in Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,619 shares of the company's stock, valued at approximately $654,000.

Other large investors have also modified their holdings of the company. IMG Wealth Management Inc. purchased a new position in shares of Dollar General in the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General in the third quarter valued at approximately $33,000. Providence First Trust Co purchased a new stake in shares of Dollar General in the fourth quarter valued at approximately $33,000. Bogart Wealth LLC raised its stake in shares of Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after buying an additional 361 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock valued at $38,000 after buying an additional 278 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company's stock.

Dollar General Trading Up 4.2 %

Dollar General stock traded up $3.79 during trading on Friday, hitting $93.15. The company had a trading volume of 4,170,050 shares, compared to its average volume of 3,882,371. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.87. 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 50 day simple moving average is $82.11 and its 200-day simple moving average is $78.43. The stock has a market cap of $20.49 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. As a group, analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio is presently 46.18%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DG. Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Gordon Haskett lowered Dollar General from a "hold" rating to a "reduce" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group lowered their price target on Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Citigroup raised shares of Dollar General from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. Finally, Barclays reduced their target price on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $94.75.

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.