Waycross Partners LLC Boosts Stock Holdings in Dollar General Co. (NYSE:DG)

Waycross Partners LLC lifted its holdings in shares of Dollar General Co. (NYSE:DG) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,874 shares of the company’s stock after buying an additional 3,939 shares during the quarter. Dollar General comprises 1.6% of Waycross Partners LLC’s investment portfolio, making the stock its 28th biggest position. Waycross Partners LLC’s holdings in Dollar General were worth $12,652,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Metis Global Partners LLC boosted its position in shares of Dollar General by 2.0% in the third quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock valued at $596,000 after acquiring an additional 135 shares during the period. Empirical Finance LLC boosted its holdings in Dollar General by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after purchasing an additional 153 shares during the period. Bruce G. Allen Investments LLC increased its holdings in shares of Dollar General by 20.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock worth $72,000 after purchasing an additional 161 shares during the period. Peoples Bank KS raised its position in shares of Dollar General by 19.1% in the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock worth $109,000 after buying an additional 230 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after buying an additional 278 shares during the period. 91.77% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 value of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DG shares. HSBC lowered their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Friday, December 6th. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Jefferies Financial Group cut their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Sanford C. Bernstein started coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $96.77.

Dollar General Stock Down 0.4 %

Shares of NYSE DG opened at $72.57 on Tuesday. The firm’s fifty day moving average is $73.71 and its 200 day moving average is $84.04. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.08 and a beta of 0.43.

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

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.25%. Dollar General’s dividend payout ratio is currently 38.88%.

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.