Elo Mutual Pension Insurance Co Purchases 2,319 Shares of Dollar General Co. (NYSE:DG)

Elo Mutual Pension Insurance Co boosted its position in Dollar General Co. (NYSE:DG) by 11.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,851 shares of the company’s stock after acquiring an additional 2,319 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Dollar General were worth $1,657,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Cerity Partners LLC increased its holdings in Dollar General by 36.3% during the 3rd quarter. Cerity Partners LLC now owns 31,211 shares of the company’s stock valued at $2,640,000 after purchasing an additional 8,310 shares during the period. D.A. Davidson & CO. increased its stake in shares of Dollar General by 112.9% during the third quarter. D.A. Davidson & CO. now owns 5,394 shares of the company’s stock valued at $456,000 after buying an additional 2,861 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Dollar General by 15.1% during the third quarter. CreativeOne Wealth LLC now owns 6,015 shares of the company’s stock valued at $509,000 after acquiring an additional 789 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Dollar General by 14.3% in the third quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company’s stock valued at $812,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in Dollar General by 387.7% during the 3rd quarter. Verition Fund Management LLC now owns 32,912 shares of the company’s stock valued at $2,783,000 after purchasing an additional 26,164 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 1.7 %

Dollar General stock opened at $86.03 on Friday. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12. The business’s fifty day moving average is $76.12 and its 200 day moving average is $77.85. The stock has a market capitalization of $18.92 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter last year, the firm posted $1.83 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.74%. Dollar General’s payout ratio is 46.18%.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DG. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Bank of America cut their price objective on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. Citigroup lowered their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group dropped their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $92.26.

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.