Marco Investment Management LLC Has $2.82 Million Stake in Dollar General Co. (NYSE:DG)

Marco Investment Management LLC increased its holdings in shares of Dollar General Co. (NYSE:DG) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,707 shares of the company’s stock after purchasing an additional 2,025 shares during the quarter. Marco Investment Management LLC’s holdings in Dollar General were worth $2,815,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after acquiring an additional 3,457,393 shares during the last quarter. Northern Trust Corp lifted its stake in Dollar General by 2.8% in the third quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock valued at $248,278,000 after acquiring an additional 62,913 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Dollar General by 98.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after purchasing an additional 1,043,141 shares during the period. Invesco Ltd. raised its position in shares of Dollar General by 44.2% in the third quarter. Invesco Ltd. now owns 1,572,721 shares of the company’s stock valued at $166,394,000 after purchasing an additional 481,881 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Dollar General by 78.6% in 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 during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of DG traded down $0.58 during mid-day trading on Friday, reaching $142.07. The company had a trading volume of 1,378,667 shares, compared to its average volume of 1,915,899. The company’s 50 day simple moving average is $150.37 and its 200 day simple moving average is $135.90. Dollar General Co. has a 1-year low of $101.09 and a 1-year 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 company has a market capitalization of $31.21 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.54 and a beta of 0.42.

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

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.66%. Dollar General’s dividend payout ratio is presently 31.22%.

Insider Buying and Selling

In related news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction that occurred 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 in the company, valued at approximately $505,778.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred 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 owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DG. Truist Financial increased their price objective on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, March 15th. StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $147.00 price target (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Finally, Evercore ISI lowered their price target on shares of 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. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and an average 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.