Strs Ohio Sells 2,432 Shares of Dollar General Co. (NYSE:DG)

Strs Ohio reduced its holdings in shares of Dollar General Co. (NYSE:DG) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,721 shares of the company’s stock after selling 2,432 shares during the quarter. Strs Ohio’s holdings in Dollar General were worth $7,983,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DG. Vanguard Group Inc. increased its holdings in shares of Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after purchasing an additional 3,457,393 shares during the last quarter. Norges Bank acquired a new position in Dollar General in the 4th quarter valued at about $564,881,000. Morgan Stanley grew its stake in Dollar General by 38.5% in the 4th quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock valued at $1,168,329,000 after buying an additional 1,318,412 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Dollar General by 98.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after acquiring an additional 1,043,141 shares during the period. Finally, State Street Corp lifted its position in Dollar General by 11.3% during the first quarter. State Street Corp now owns 9,765,333 shares of the company’s stock worth $2,055,202,000 after acquiring an additional 994,813 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial upped their target price on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Argus boosted their price target on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group increased their target price on Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, 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. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $153.08.

Insider Buying and Selling

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 transaction of $468,561.48. Following the sale, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Dollar General Stock Down 0.4 %

NYSE:DG opened at $144.47 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a one year low of $101.09 and a one year high of $222.99. The firm’s 50 day simple moving average is $149.24 and its 200 day simple moving average is $133.78. The company has a market cap of $31.74 billion, a PE ratio of 19.11, a P/E/G ratio of 2.59 and a beta of 0.42.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The company had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. Dollar General’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.96 earnings per share. On average, research analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

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.