Pineno Levin & Ford Asset Management Inc. Takes $205,000 Position in Dollar General Corp. (NYSE:DG)

Pineno Levin & Ford Asset Management Inc. purchased a new stake in Dollar General Corp. (NYSE:DG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,203 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Mutual of America Capital Management LLC boosted its holdings in shares of Dollar General by 2.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 31,159 shares of the company’s stock worth $2,898,000 after purchasing an additional 852 shares during the last quarter. Weatherly Asset Management L. P. acquired a new position in shares of Dollar General during the 4th quarter worth approximately $440,000. LMR Partners LLP acquired a new position in shares of Dollar General during the 4th quarter worth approximately $465,000. MAI Capital Management acquired a new position in shares of Dollar General during the 4th quarter worth approximately $218,000. Finally, IFG Advisory LLC acquired a new position in shares of Dollar General during the 4th quarter worth approximately $400,000. Institutional investors own 90.24% of the company’s stock.

In other news, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the completion of the sale, the executive vice president now owns 22,598 shares in the company, valued at $2,097,320.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael J. Kindy sold 7,536 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the sale, the senior vice president now owns 7,578 shares of the company’s stock, valued at approximately $686,869.92. The disclosure for this sale can be found here. Insiders sold 20,916 shares of company stock valued at $1,924,881 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on DG shares. Deutsche Bank boosted their target price on Dollar General to $97.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Wednesday, November 1st. UBS Group reiterated a “buy” rating and issued a $99.00 price objective (up from $85.00) on shares of Dollar General in a report on Monday, December 4th. Raymond James Financial reiterated a “buy” rating and issued a $107.00 price objective on shares of Dollar General in a report on Sunday, December 3rd. Finally, MKM Partners upped their price objective on Dollar General to $96.00 and gave the company a “buy” rating in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $91.98.

Dollar General Corp. (NYSE:DG) traded up $0.08 during trading hours on Thursday, reaching $96.75. The company had a trading volume of 605,682 shares, compared to its average volume of 2,407,718. The stock has a market capitalization of $26,400.00, a price-to-earnings ratio of 21.48, a PEG ratio of 1.61 and a beta of 1.00. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. Dollar General Corp. has a 52-week low of $65.97 and a 52-week high of $105.82.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). The business had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.89 EPS. equities research analysts anticipate that Dollar General Corp. will post 4.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.04 annualized dividend and a yield of 1.07%. Dollar General’s dividend payout ratio is presently 23.06%.

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Dollar General Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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