First Horizon Advisors Inc. Sells 1,105 Shares of Dollar General Co. (NYSE:DG)

First Horizon Advisors Inc. decreased its stake in shares of Dollar General Co. (NYSE:DG) by 36.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,954 shares of the company’s stock after selling 1,105 shares during the period. First Horizon Advisors Inc.’s holdings in Dollar General were worth $266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after purchasing an additional 3,457,393 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Dollar General by 98.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after acquiring an additional 1,043,141 shares during the last quarter. Baupost Group LLC MA increased its position in Dollar General by 283.1% in the third quarter. Baupost Group LLC MA now owns 927,000 shares of the company’s stock worth $98,077,000 after purchasing an additional 685,000 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Dollar General by 78.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock valued at $150,904,000 after purchasing an additional 627,844 shares in the last quarter. Finally, Equity Investment Corp lifted its position in Dollar General by 744.8% during the third quarter. Equity Investment Corp now owns 638,695 shares of the company’s stock valued at $67,574,000 after purchasing an additional 563,095 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Transactions at Dollar General

In related news, Director Ralph Santana sold 3,009 shares of the stock in a transaction 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 sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $137.49 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $221.50. The company’s 50 day moving average is $150.07 and its 200 day moving average is $136.83. The company has a market cap of $30.20 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44.

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

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Monday, April 8th. Dollar General’s payout ratio is presently 31.22%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DG. Truist Financial increased their price target on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, March 15th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Argus lifted their price objective on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Piper Sandler reissued a “neutral” rating and issued a $147.00 target price (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price target on shares of Dollar General in a research note on Tuesday, April 2nd. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $153.08.

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.