Alecta Tjanstepension Omsesidigt Has $133.57 Million Stock Position in Dollar General Co. (NYSE:DG)

Alecta Tjanstepension Omsesidigt lessened its stake in shares of Dollar General Co. (NYSE:DG) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,762,400 shares of the company’s stock after selling 100,000 shares during the period. Alecta Tjanstepension Omsesidigt owned about 0.80% of Dollar General worth $133,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General in the third quarter worth $33,000. Bogart Wealth LLC lifted its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after acquiring an additional 361 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after acquiring an additional 278 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Dollar General during the 4th quarter valued at about $39,000. Finally, Kentucky Trust Co acquired a new position in shares of Dollar General in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction on 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. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DG. HSBC decreased their target price on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Wells Fargo & Company cut their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Truist Financial lowered their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Finally, Jefferies Financial Group cut their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus target price of $96.77.

Dollar General Trading Down 5.6 %

NYSE DG opened at $74.15 on Thursday. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock’s 50 day moving average price is $73.35 and its two-hundred day moving average price is $81.82. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 2.18 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.18%. Dollar General’s payout ratio is presently 38.88%.

Dollar General 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.