Empowered Funds LLC Has $2.59 Million Holdings in Dollar General Co. (NYSE:DG)

Empowered Funds LLC raised its holdings in shares of Dollar General Co. (NYSE:DG) by 17.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,157 shares of the company’s stock after buying an additional 5,007 shares during the quarter. Empowered Funds LLC’s holdings in Dollar General were worth $2,590,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DG. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General during the third quarter valued at approximately $33,000. Studio Investment Management LLC increased its position in shares of Dollar General by 200.4% during the third quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock valued at $72,000 after purchasing an additional 567 shares during the period. Bruce G. Allen Investments LLC increased its position in shares of Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after purchasing an additional 161 shares during the period. Peoples Bank KS increased its position in shares of Dollar General by 19.1% during the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after purchasing an additional 230 shares during the period. Finally, Tompkins Financial Corp bought a new stake in shares of Dollar General during the third quarter valued at approximately $127,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Price Performance

Dollar General stock opened at $72.87 on Friday. The business’s 50-day simple moving average is $74.03 and its 200 day simple moving average is $84.94. The stock has a market cap of $16.03 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.08 and a beta of 0.43. Dollar General Co. has a 12-month low of $66.43 and a 12-month 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.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm had revenue of $10.18 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 EPS. As a group, research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DG. Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. HSBC lowered their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Barclays dropped their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Finally, Morgan Stanley dropped their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus price target of $96.77.

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.