Resonant Capital Advisors LLC Purchases 2,231 Shares of Dollar General Co. (NYSE:DG)

Resonant Capital Advisors LLC increased its position in Dollar General Co. (NYSE:DG) by 16.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,027 shares of the company’s stock after acquiring an additional 2,231 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Dollar General were worth $2,179,000 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 the company. Vanguard Group Inc. raised its position in shares of Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after buying an additional 3,457,393 shares during the last quarter. Norges Bank acquired a new position in Dollar General in the 4th quarter valued at approximately $564,881,000. Morgan Stanley lifted its position in shares of Dollar General by 38.5% in the 4th quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock worth $1,168,329,000 after acquiring an additional 1,318,412 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Dollar General by 98.1% during the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after purchasing an additional 1,043,141 shares during the period. Finally, State Street Corp lifted its position in Dollar General by 11.3% in the first quarter. State Street Corp now owns 9,765,333 shares of the company’s stock worth $2,055,202,000 after purchasing an additional 994,813 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Stock Down 0.3 %

Shares of Dollar General stock traded down $0.45 during trading on Friday, reaching $145.23. The stock had a trading volume of 825,044 shares, compared to its average volume of 2,356,204. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $31.90 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 2.58 and a beta of 0.42. The stock has a fifty day moving average price of $149.44 and a two-hundred day moving average price of $133.86. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the business posted $2.96 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Sell-side analysts predict that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General’s payout ratio is currently 31.22%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DG. Morgan Stanley upped their price objective on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. BMO Capital Markets upped their price objective on Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. JPMorgan Chase & Co. boosted their price objective on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday. Finally, StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $153.08.

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.