Geneva Partners LLC Raises Holdings in Dollar General Corp. (DG)

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Geneva Partners LLC grew its holdings in shares of Dollar General Corp. (NYSE:DG) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,625 shares of the company’s stock after purchasing an additional 2,605 shares during the period. Dollar General comprises about 4.3% of Geneva Partners LLC’s portfolio, making the stock its 5th biggest position. Geneva Partners LLC’s holdings in Dollar General were worth $3,742,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Advocacy Wealth Management Services LLC increased its stake in shares of Dollar General by 96.4% during the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock worth $29,000 after buying an additional 133 shares during the period. We Are One Seven LLC purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $35,000. Atlas Capital Advisors LLC purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $55,000. Carroll Financial Associates Inc. increased its stake in shares of Dollar General by 70.5% during the fourth quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock worth $83,000 after buying an additional 304 shares during the period. Finally, Ipswich Investment Management Co. Inc. purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $86,000. Institutional investors own 95.20% of the company’s stock.

DG has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Wells Fargo & Co increased their price target on shares of Dollar General from $118.00 to $129.00 and gave the company an “outperform” rating in a research note on Friday, January 11th. JPMorgan Chase & Co. increased their price target on shares of Dollar General to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, January 9th. Morgan Stanley set a $115.00 price target on shares of Dollar General and gave the company a “buy” rating in a research note on Wednesday, December 26th. Finally, Credit Suisse Group set a $108.00 price target on shares of Dollar General and gave the company a “hold” rating in a research note on Monday, November 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $111.58.

In other news, EVP Robert D. Ravener sold 32,492 shares of the 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 completion of the sale, the executive vice president now directly owns 33,307 shares of the company’s stock, valued at $3,718,060.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Shares of DG stock traded up $0.44 during trading hours on Thursday, hitting $115.72. The stock had a trading volume of 8,336 shares, compared to its average volume of 2,298,209. The company has a market capitalization of $30.25 billion, a P/E ratio of 25.79, a PEG ratio of 1.34 and a beta of 0.76. Dollar General Corp. has a twelve month low of $85.54 and a twelve month high of $118.45. 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 (NYSE:DG) last posted its quarterly earnings data on Tuesday, December 4th. The company reported $1.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. The business had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. Research analysts predict that Dollar General Corp. will post 6.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, January 7th. Dollar General’s payout ratio is currently 25.84%.

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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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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