Dollar General Co. (NYSE:DG) Holdings Cut by Forsta AP Fonden

Forsta AP Fonden lowered its holdings in shares of Dollar General Co. (NYSE:DGGet Rating) by 8.3% during the first quarter, Holdings Channel reports. The firm owned 58,600 shares of the company’s stock after selling 5,300 shares during the period. Forsta AP Fonden’s holdings in Dollar General were worth $13,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Shufro Rose & Co. LLC raised its holdings in shares of Dollar General by 5.0% during the 1st quarter. Shufro Rose & Co. LLC now owns 1,050 shares of the company’s stock valued at $234,000 after purchasing an additional 50 shares in the last quarter. Summitry LLC grew its position in Dollar General by 1.9% in the 1st quarter. Summitry LLC now owns 200,246 shares of the company’s stock worth $44,581,000 after purchasing an additional 3,766 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Dollar General by 17.1% in the 1st quarter. Checchi Capital Advisers LLC now owns 2,077 shares of the company’s stock worth $462,000 after purchasing an additional 303 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Dollar General by 9.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 126,164 shares of the company’s stock worth $28,088,000 after purchasing an additional 10,835 shares during the last quarter. Finally, Tredje AP fonden lifted its holdings in shares of Dollar General by 5.7% during the 1st quarter. Tredje AP fonden now owns 36,948 shares of the company’s stock worth $8,226,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 94.86% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $253.08 on Friday. The company’s fifty day simple moving average is $241.85 and its 200-day simple moving average is $227.21. The company has a quick ratio of 0.09, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The firm has a market cap of $57.45 billion, a PE ratio of 25.96, a P/E/G ratio of 1.80 and a beta of 0.40. Dollar General Co. has a 12 month low of $183.25 and a 12 month high of $262.20.

Dollar General (NYSE:DGGet Rating) last released its quarterly earnings data on Thursday, May 26th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.32 by $0.09. Dollar General had a net margin of 6.58% and a return on equity of 37.05%. The firm had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the previous year, the company earned $2.82 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Dollar General Co. will post 11.49 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, July 1st. This represents a $2.20 dividend on an annualized basis and a yield of 0.87%. Dollar General’s payout ratio is 22.56%.

Insiders Place Their Bets

In other Dollar General news, EVP Antonio Zuazo sold 2,999 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $227.43, for a total transaction of $682,062.57. Following the sale, the executive vice president now directly owns 9,491 shares in the company, valued at $2,158,538.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Anita C. Elliott sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $247.11, for a total value of $1,235,550.00. Following the completion of the transaction, the chief accounting officer now owns 16,279 shares in the company, valued at approximately $4,022,703.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Antonio Zuazo sold 2,999 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $227.43, for a total transaction of $682,062.57. Following the transaction, the executive vice president now owns 9,491 shares of the company’s stock, valued at approximately $2,158,538.13. The disclosure for this sale can be found here. Insiders have sold 13,288 shares of company stock worth $3,089,602 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Morgan Stanley raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $225.00 to $250.00 in a report on Thursday, June 16th. Loop Capital reaffirmed a “buy” rating on shares of Dollar General in a research note on Friday, May 20th. Truist Financial lifted their price target on shares of Dollar General from $227.00 to $262.00 and gave the stock a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Dollar General from $242.00 to $234.00 in a research report on Wednesday, May 25th. Finally, Oppenheimer boosted their price objective on shares of Dollar General from $240.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, July 19th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.69.

Dollar General Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. (NYSE:DGGet Rating).

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.