Dollar General Co. (NYSE:DG) Shares Sold by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC decreased its stake in shares of Dollar General Co. (NYSE:DG) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 535 shares of the company’s stock after selling 259 shares during the period. Glen Eagle Advisors LLC’s holdings in Dollar General were worth $41,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new stake in Dollar General during the 4th quarter worth about $25,000. IMG Wealth Management Inc. purchased a new stake in shares of Dollar General during the fourth quarter worth about $25,000. Providence First Trust Co acquired a new position in shares of Dollar General in the fourth quarter valued at approximately $33,000. Bogart Wealth LLC raised its position in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after buying an additional 278 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Piper Sandler boosted their price target on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Citigroup raised Dollar General from a “sell” rating to a “neutral” rating and raised their price target for the stock from $69.00 to $101.00 in a research note on Monday, April 7th. The Goldman Sachs Group lifted their price target on Dollar General from $85.00 to $96.00 and gave the company a “buy” rating in a report on Monday. Finally, Morgan Stanley increased their price objective on shares of Dollar General from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $95.48.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Dollar General Stock Performance

NYSE:DG opened at $100.81 on Thursday. The firm’s fifty day simple moving average is $90.15 and its 200 day simple moving average is $80.37. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $145.94. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 earnings per share. As a group, equities research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.34%. The ex-dividend date was Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is 46.18%.

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.