Securian Asset Management Inc lifted its position in Dollar General Corp. (NYSE:DG) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 27,206 shares of the company’s stock after purchasing an additional 133 shares during the quarter. Securian Asset Management Inc’s holdings in Dollar General were worth $2,940,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Advocacy Wealth Management Services LLC raised its position in Dollar General by 96.4% during the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. We Are One Seven LLC purchased a new position in Dollar General during the fourth quarter valued at approximately $35,000. Atlas Capital Advisors LLC purchased a new position in Dollar General during the fourth quarter valued at approximately $55,000. Carroll Financial Associates Inc. raised its position in Dollar General by 70.5% during the fourth quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock valued at $83,000 after acquiring an additional 304 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. purchased a new position in Dollar General during the fourth quarter valued at approximately $86,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.
Shares of DG opened at $116.32 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Dollar General Corp. has a 12 month low of $85.54 and a 12 month high of $118.45. The company has a market capitalization of $30.85 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.72.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Monday, January 7th. Dollar General’s payout ratio is currently 25.84%.
Several brokerages recently weighed in on DG. Zacks Investment Research cut Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Credit Suisse Group set a $108.00 price target on Dollar General and gave the company a “hold” rating in a research report on Monday, November 26th. ValuEngine cut Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday, December 5th. Citigroup reduced their price target on Dollar General from $133.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, December 10th. Finally, Morgan Stanley set a $115.00 price target on Dollar General and gave the company a “buy” rating in a research report on Wednesday, December 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $111.58.
In other news, EVP Robert D. Ravener sold 32,492 shares of Dollar General stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total value of $3,627,081.96. Following the sale, the executive vice president now directly owns 33,307 shares of the company’s stock, valued at $3,718,060.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by company insiders.
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Dollar General Company Profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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