Wellington Management Group LLP Buys 38,830 Shares of Dollar General Co. (NYSE:DG)

Wellington Management Group LLP boosted its position in Dollar General Co. (NYSE:DG) by 1,463.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,483 shares of the company’s stock after purchasing an additional 38,830 shares during the period. Wellington Management Group LLP’s holdings in Dollar General were worth $5,640,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Dollar General in the fourth quarter valued at $25,000. Burkett Financial Services LLC bought a new position in shares of Dollar General during the fourth quarter worth about $26,000. Fortis Group Advisors LLC lifted its stake in shares of Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the period. MV Capital Management Inc. boosted its holdings in Dollar General by 78.0% in 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 last quarter. Finally, Lowe Wealth Advisors LLC acquired a new stake in Dollar General during the 4th quarter valued at approximately $33,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

NYSE DG opened at $132.23 on Friday. The company has a market cap of $29.08 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 2.56 and a beta of 0.45. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. The firm’s 50-day simple moving average is $135.77 and its two-hundred day simple moving average is $140.00. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the business posted $2.34 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts predict that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 annualized dividend and a dividend yield of 1.78%. Dollar General’s payout ratio is currently 34.35%.

Insider Buying and Selling

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the 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 transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on DG. Raymond James boosted their price target on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Truist Financial dropped their target price on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. Loop Capital raised their price target on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets cut their price objective on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research report on Friday, May 31st. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $148.23.

About Dollar General

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.