Dollar General Co. (NYSE:DG) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC increased its position in Dollar General Co. (NYSE:DG) by 58.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,397 shares of the company’s stock after purchasing an additional 1,247 shares during the period. SVB Wealth LLC’s holdings in Dollar General were worth $462,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new position in Dollar General in the fourth quarter valued at approximately $25,000. Studio Investment Management LLC bought a new stake in shares of Dollar General during the third quarter valued at approximately $26,000. First Manhattan Co. raised its holdings in shares of Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock valued at $26,000 after buying an additional 85 shares during the last quarter. Financial Freedom LLC bought a new stake in shares of Dollar General during the fourth quarter valued at approximately $26,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Dollar General during the first quarter valued at approximately $28,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Down 0.6 %

Dollar General stock opened at $144.82 on Friday. The firm has a market cap of $31.81 billion, a price-to-earnings ratio of 19.16, a P/E/G ratio of 2.60 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $222.99. The firm has a fifty day moving average price of $149.63 and a two-hundred day moving average price of $134.35.

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

Dollar General Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s dividend payout ratio is 31.22%.

Wall Street Analyst Weigh In

DG has been the topic of several research reports. The Goldman Sachs Group upped their price target on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a report on Tuesday, April 2nd. Truist Financial upped their price target on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, March 15th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Finally, Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollar General has a consensus rating of “Hold” and an average target price of $153.08.

Insider Activity

In other news, 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 completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, 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 value of $468,561.48. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

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.