Lincoln Capital Corp boosted its stake in Dollar General Co. (NYSE:DG – Get Rating) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,082 shares of the company’s stock after buying an additional 779 shares during the quarter. Dollar General makes up 3.2% of Lincoln Capital Corp’s investment portfolio, making the stock its 10th largest holding. Lincoln Capital Corp’s holdings in Dollar General were worth $5,192,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of DG. Kentucky Retirement Systems raised its holdings in shares of Dollar General by 4.6% in the third quarter. Kentucky Retirement Systems now owns 17,769 shares of the company’s stock valued at $4,262,000 after purchasing an additional 789 shares during the last quarter. Toroso Investments LLC raised its holdings in shares of Dollar General by 0.8% in the third quarter. Toroso Investments LLC now owns 10,874 shares of the company’s stock valued at $2,607,000 after purchasing an additional 83 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Dollar General by 24.0% in the third quarter. Brookstone Capital Management now owns 3,175 shares of the company’s stock valued at $755,000 after purchasing an additional 615 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Dollar General by 6.3% in the third quarter. Commonwealth Equity Services LLC now owns 54,387 shares of the company’s stock valued at $13,045,000 after purchasing an additional 3,217 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Dollar General by 4.1% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 769,247 shares of the company’s stock worth $184,512,000 after buying an additional 29,976 shares during the last quarter. 90.73% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Dollar General from $248.00 to $249.00 in a report on Friday, March 17th. Wells Fargo & Company decreased their price objective on shares of Dollar General from $275.00 to $245.00 in a report on Friday, March 17th. Telsey Advisory Group restated an “outperform” rating and set a $242.00 price objective on shares of Dollar General in a report on Friday, March 17th. Raymond James decreased their price objective on shares of Dollar General from $280.00 to $255.00 and set a “strong-buy” rating for the company in a report on Friday, February 24th. Finally, BMO Capital Markets reduced their target price on shares of Dollar General from $255.00 to $230.00 in a research note on Friday, March 17th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Dollar General has an average rating of “Moderate Buy” and an average price target of $248.75.
Insider Buying and Selling at Dollar General
In other Dollar General news, Director Warren F. Bryant sold 1,951 shares of Dollar General stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total transaction of $475,907.43. Following the completion of the sale, the director now directly owns 38,269 shares in the company, valued at $9,334,957.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by company insiders.
Dollar General Price Performance
Shares of DG stock traded up $0.67 during trading hours on Monday, reaching $206.48. The stock had a trading volume of 542,497 shares, compared to its average volume of 2,054,807. The stock’s fifty day simple moving average is $223.40 and its 200 day simple moving average is $237.93. The company has a current ratio of 1.29, a quick ratio of 0.14 and a debt-to-equity ratio of 1.26. Dollar General Co. has a 12 month low of $183.25 and a 12 month high of $262.20. The firm has a market capitalization of $46.16 billion, a PE ratio of 19.27, a PEG ratio of 1.66 and a beta of 0.34.
Dollar General (NYSE:DG – Get Rating) last released its quarterly earnings data on Thursday, March 16th. The company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.02. Dollar General had a net margin of 6.38% and a return on equity of 40.63%. The company had revenue of $10.20 billion during the quarter, compared to analyst estimates of $10.24 billion. During the same period last year, the business earned $2.57 earnings per share. Dollar General’s revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts predict that Dollar General Co. will post 11.25 EPS for the current year.
Dollar General Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Tuesday, April 11th will be given a dividend of $0.59 per share. The ex-dividend date is Monday, April 10th. This is a positive change from Dollar General’s previous quarterly dividend of $0.55. This represents a $2.36 annualized dividend and a yield of 1.14%. Dollar General’s payout ratio is presently 20.60%.
Dollar General Profile
Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.