Clearstead Trust LLC Purchases Shares of 2,618 Dollar General Co. (NYSE:DG)

Clearstead Trust LLC acquired a new stake in Dollar General Co. (NYSE:DG) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,618 shares of the company’s stock, valued at approximately $356,000.

A number of other hedge funds have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter worth $25,000. Studio Investment Management LLC purchased a new position in shares of Dollar General in the third quarter worth approximately $26,000. MV Capital Management Inc. raised its holdings in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the period. Covestor Ltd lifted its position in shares of Dollar General by 48.3% in the 3rd quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after acquiring an additional 99 shares in the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new position in Dollar General in the 4th quarter worth approximately $33,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

NYSE:DG traded up $0.34 during mid-day trading on Friday, hitting $137.49. 2,268,787 shares of the company’s stock traded hands, compared to its average volume of 1,959,535. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44. The firm has a 50 day moving average of $150.07 and a two-hundred day moving average of $136.83. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $221.50.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Raymond James increased their target price on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Wells Fargo & Company upped their target price on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Argus upped their price objective on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $153.08.

Insider Buying and Selling

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

Dollar General Company 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.