Mutual of America Capital Management LLC Lowers Stock Holdings in Dollar General Co. (NYSE:DG)

Mutual of America Capital Management LLC lessened its holdings in Dollar General Co. (NYSE:DG) by 4.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,403 shares of the company’s stock after selling 1,326 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dollar General were worth $3,997,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 worth $2,297,067,000 after acquiring an additional 3,457,393 shares during the period. State Street Corp boosted its stake in Dollar General by 11.3% in the 1st quarter. State Street Corp now owns 9,765,333 shares of the company’s stock worth $2,055,202,000 after purchasing an additional 994,813 shares during the period. Morgan Stanley grew its holdings in Dollar General by 38.5% during 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 in the last quarter. Northern Trust Corp raised its position in shares of Dollar General by 2.8% during the third quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock valued at $248,278,000 after buying an additional 62,913 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Dollar General in the fourth quarter worth $564,881,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. BMO Capital Markets raised their price objective on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Morgan Stanley raised their price target on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $147.00 price objective (up from $127.00) on shares of Dollar General in a report on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and an average target price of $153.08.

Insider Activity

In related news, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value 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 $4,636,371.17. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Trading Up 0.2 %

NYSE DG opened at $144.93 on Wednesday. The company’s 50-day simple moving average is $149.05 and its two-hundred day simple moving average is $133.71. Dollar General Co. has a one year low of $101.09 and a one year high of $222.99. The company has a market capitalization of $31.84 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.64 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.96 EPS. Equities analysts forecast that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General’s payout ratio is 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.