Bessemer Group Inc. Sells 1,125 Shares of Dollar General Corporation (NYSE:DG)

Bessemer Group Inc. lowered its stake in shares of Dollar General Corporation (NYSE:DG) by 23.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,584 shares of the company’s stock after selling 1,125 shares during the period. Bessemer Group Inc.’s holdings in Dollar General were worth $315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Dollar General during the 4th quarter valued at about $57,000. Oppenheimer & Co. Inc. lifted its stake in shares of Dollar General by 81.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company’s stock worth $428,000 after purchasing an additional 2,534 shares during the period. Sowell Financial Services LLC bought a new position in shares of Dollar General in the 1st quarter worth approximately $280,000. Ameriprise Financial Inc. lifted its stake in shares of Dollar General by 18.1% in the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock worth $8,137,000 after purchasing an additional 16,453 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Dollar General by 74.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock worth $921,000 after purchasing an additional 5,171 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 0.2%

Shares of DG opened at $115.48 on Thursday. The company’s fifty day moving average is $102.86 and its 200 day moving average is $86.93. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The stock has a market capitalization of $25.41 billion, a PE ratio of 22.04, a P/E/G ratio of 2.83 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The company had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. During the same quarter in the previous year, the business posted $1.65 earnings per share. Dollar General’s quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, July 8th. Dollar General’s dividend payout ratio (DPR) is 45.04%.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,216 shares of company stock worth $1,017,349 in the last quarter. Company insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group cut shares of Dollar General from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $115.00 to $116.00 in a research note on Tuesday, June 24th. Morgan Stanley increased their price objective on shares of Dollar General from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 price objective on shares of Dollar General in a research note on Friday, May 23rd. Piper Sandler increased their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Finally, Telsey Advisory Group increased their price objective on shares of Dollar General from $100.00 to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $109.08.

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.