Dollar General Co. (NYSE:DG) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC cut its stake in shares of Dollar General Co. (NYSE:DG) by 22.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,239 shares of the company’s stock after selling 655 shares during the period. Court Place Advisors LLC’s holdings in Dollar General were worth $304,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its position in Dollar General by 21.6% during the first quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock worth $230,000 after purchasing an additional 184 shares during the last quarter. Dakota Wealth Management acquired a new stake in Dollar General during the first quarter worth about $474,000. Baird Financial Group Inc. increased its position in Dollar General by 26.3% during 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 stake in Dollar General by 156.4% during the first quarter. Covestor Ltd now owns 418 shares of the company’s stock worth $93,000 after buying an additional 255 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Dollar General by 17.7% during the first quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock worth $15,947,000 after buying an additional 10,773 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the business’s 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 completion of the sale, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 value of $958,617.07. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the company’s 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 completion of the sale, 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. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DG. Morgan Stanley increased their target price on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Evercore ISI lowered their target price on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research note on Tuesday, April 2nd. StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Barclays raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $124.00 to $154.00 in a research note on Thursday, January 4th. Finally, The Goldman Sachs Group increased their target price on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $153.08.

Dollar General Stock Down 0.4 %

NYSE DG traded down $0.52 on Wednesday, hitting $144.47. 1,864,646 shares of the stock were exchanged, compared to its average volume of 2,389,606. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $222.99. The company has a market cap of $31.74 billion, a PE ratio of 19.17, a PEG ratio of 2.59 and a beta of 0.42. The company has a 50-day moving average price of $149.05 and a 200-day moving average price of $133.71.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. Dollar General’s dividend payout ratio is presently 31.22%.

About Dollar General

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.