Tandem Investment Advisors Inc. Sells 118,598 Shares of Dollar General Co. (NYSE:DG)

Tandem Investment Advisors Inc. trimmed its holdings in Dollar General Co. (NYSE:DG) by 96.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,580 shares of the company’s stock after selling 118,598 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Dollar General were worth $623,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DG. D.A. Davidson & CO. increased its holdings in Dollar General by 21.6% in the 1st quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock worth $230,000 after buying an additional 184 shares in the last quarter. Dakota Wealth Management purchased a new position in Dollar General in the first quarter worth about $474,000. Baird Financial Group Inc. boosted its position in Dollar General by 26.3% in the first quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock worth $13,098,000 after purchasing an additional 12,262 shares during the last quarter. Covestor Ltd boosted its position in Dollar General by 156.4% in the first quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $93,000 after purchasing an additional 255 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in Dollar General by 17.7% in the first quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock worth $15,947,000 after purchasing an additional 10,773 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

NYSE:DG traded down $0.52 during trading hours on Wednesday, reaching $144.47. The stock had a trading volume of 1,864,646 shares, compared to its average volume of 2,389,606. The company has a 50 day moving average price of $149.05 and a two-hundred day moving average price of $133.71. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The stock has a market capitalization of $31.74 billion, a PE ratio of 19.17, a PEG ratio of 2.59 and a beta of 0.42.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be issued 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 is Monday, April 8th. Dollar General’s payout ratio is currently 31.22%.

Wall Street Analyst Weigh In

DG has been the topic of several research reports. Truist Financial raised their target price on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Evercore ISI dropped their target price on Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 2nd. BMO Capital Markets lifted 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. Wells Fargo & Company lifted their price objective on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Finally, Raymond James lifted their price objective on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research 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.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $153.08.

Insider Activity at Dollar General

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 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 directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.60% 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.