State of Wyoming Acquires 3,059 Shares of Dollar General Co. (NYSE:DG)

State of Wyoming increased its holdings in Dollar General Co. (NYSE:DG) by 174.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,810 shares of the company’s stock after purchasing an additional 3,059 shares during the period. State of Wyoming’s holdings in Dollar General were worth $365,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Dollar General during the fourth quarter valued at about $57,000. DAVENPORT & Co LLC boosted its holdings in Dollar General by 5,624.9% during the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock valued at $24,385,000 after acquiring an additional 316,005 shares during the period. Matrix Asset Advisors Inc. NY bought a new stake in Dollar General during the fourth quarter valued at about $6,158,000. Oppenheimer & Co. Inc. boosted its holdings in Dollar General by 81.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company’s stock valued at $428,000 after acquiring an additional 2,534 shares during the period. Finally, Cornerstone Wealth Group LLC bought a new stake in Dollar General during the fourth quarter valued at about $6,168,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is owned by insiders.

Dollar General Stock Performance

NYSE DG opened at $100.81 on Thursday. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.18 and a beta of 0.27. The company has a 50 day moving average of $90.15 and a 200-day moving average of $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 1-year low of $66.43 and a 1-year high of $145.94.

Dollar General (NYSE:DG) last posted its quarterly earnings data 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 analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.83 earnings per share. On average, equities analysts forecast 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. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Tuesday, April 8th. Dollar General’s payout ratio is 46.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Melius Research upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Truist Financial upped their price target on shares of Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 8th. UBS Group reduced their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Gordon Haskett cut shares of Dollar General from a “hold” rating to a “reduce” rating in a research note on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $95.48.

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.