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Baker Tilly Wealth Management LLC Purchases 412 Shares of Dollar General Co. (NYSE:DG)

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Baker Tilly Wealth Management LLC boosted its position in shares of Dollar General Co. (NYSE:DG) by 36.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,540 shares of the company’s stock after purchasing an additional 412 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Dollar General were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Stephens Inc. AR raised its stake in shares of Dollar General by 7.3% in the second quarter. Stephens Inc. AR now owns 23,728 shares of the company’s stock worth $5,135,000 after acquiring an additional 1,621 shares during the last quarter. Covington Capital Management raised its stake in shares of Dollar General by 6.3% in the second quarter. Covington Capital Management now owns 23,632 shares of the company’s stock worth $5,114,000 after acquiring an additional 1,398 shares during the last quarter. Tandem Investment Advisors Inc. raised its stake in shares of Dollar General by 7.1% in the third quarter. Tandem Investment Advisors Inc. now owns 249,690 shares of the company’s stock worth $52,969,000 after acquiring an additional 16,459 shares during the last quarter. Lake Street Financial LLC raised its stake in shares of Dollar General by 5.1% in the third quarter. Lake Street Financial LLC now owns 2,267 shares of the company’s stock worth $481,000 after acquiring an additional 110 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Dollar General by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 153,386 shares of the company’s stock worth $32,539,000 after acquiring an additional 3,495 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Dollar General stock opened at $221.33 on Monday. The stock has a market capitalization of $51.28 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.78 and a beta of 0.49. Dollar General Co. has a twelve month low of $173.50 and a twelve month high of $239.35. The company has a quick ratio of 0.15, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average of $222.36 and a 200-day moving average of $221.80.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 2nd. The company reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.07. The company had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.50 billion. Dollar General had a net margin of 7.19% and a return on equity of 38.74%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.31 earnings per share. Equities analysts anticipate that Dollar General Co. will post 10.17 EPS for the current fiscal year.

Dollar General announced that its board has initiated a stock buyback program on Thursday, December 2nd that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Tuesday, January 4th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, January 3rd. Dollar General’s dividend payout ratio (DPR) is presently 16.45%.

In other news, CFO John W. Garratt sold 29,412 shares of the business’s stock in a transaction on Friday, December 3rd. The shares were sold at an average price of $223.30, for a total value of $6,567,699.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patricia Filikrushel sold 876 shares of the business’s stock in a transaction on Tuesday, December 7th. The stock was sold at an average price of $222.34, for a total transaction of $194,769.84. The disclosure for this sale can be found here. Insiders sold 367,744 shares of company stock valued at $81,330,122 in the last quarter. Corporate insiders own 0.73% of the company’s stock.

DG has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of Dollar General from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, December 6th. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating and set a $239.00 price target for the company. in a research note on Tuesday, August 31st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dollar General from $254.00 to $251.00 and set a “buy” rating for the company in a research note on Friday, December 3rd. BMO Capital Markets reissued a “buy” rating and set a $250.00 price target on shares of Dollar General in a research note on Friday, December 3rd. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Dollar General in a research note on Thursday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $244.17.

About Dollar General

Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.

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