Newbridge Financial Services Group Inc. Invests $39,000 in Dollar General Co. (NYSE:DG)

Newbridge Financial Services Group Inc. bought a new position in Dollar General Co. (NYSE:DG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 519 shares of the company’s stock, valued at approximately $39,000.

Several other institutional investors also recently bought and sold shares of DG. Pzena Investment Management LLC grew its position in Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA purchased a new stake in Dollar General during the 3rd quarter valued at about $194,832,000. State Street Corp grew its position in Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after purchasing an additional 759,869 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Dollar General during the 3rd quarter valued at about $32,932,000. Finally, Equity Investment Corp grew its position in Dollar General by 60.8% during the 3rd quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock valued at $80,454,000 after purchasing an additional 359,757 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DG has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company cut their price objective on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Morgan Stanley dropped their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Telsey Advisory Group dropped their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. Finally, The Goldman Sachs Group dropped their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.77.

Dollar General Price Performance

Shares of NYSE:DG opened at $74.15 on Wednesday. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The stock has a market capitalization of $16.31 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. The firm’s 50 day moving average price is $74.24 and its 200-day moving average price is $85.33. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the business posted $1.26 EPS. Dollar General’s revenue was up 5.0% on a year-over-year basis. Equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. 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.