TD Waterhouse Canada Inc. Sells 5,653 Shares of Dollar General Co. (NYSE:DG)

TD Waterhouse Canada Inc. reduced its position in Dollar General Co. (NYSE:DG) by 31.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,067 shares of the company’s stock after selling 5,653 shares during the period. TD Waterhouse Canada Inc.’s holdings in Dollar General were worth $915,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of DG. Deseret Mutual Benefit Administrators increased its position in Dollar General by 8.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after acquiring an additional 150 shares during the period. Bruce G. Allen Investments LLC lifted its stake in Dollar General by 20.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after purchasing an additional 161 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Dollar General by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company’s stock valued at $164,000 after acquiring an additional 192 shares during the last quarter. Peoples Bank KS boosted its stake in shares of Dollar General by 19.1% during the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after purchasing an additional 230 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in Dollar General by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company’s stock worth $553,000 after buying an additional 255 shares during the period. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Dollar General Stock Down 1.6 %

Dollar General stock opened at $93.87 on Friday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The firm’s 50-day simple moving average is $83.91 and its 200 day simple moving average is $78.82. The stock has a market cap of $20.65 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 EPS. Research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.51%. The ex-dividend date was Tuesday, April 8th. Dollar General’s dividend payout ratio is 46.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DG shares. Truist Financial raised their price objective on Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research report on Tuesday, April 8th. Morgan Stanley dropped their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Gordon Haskett downgraded shares of Dollar General from a “hold” rating to a “reduce” rating in a research note on Wednesday, April 9th. The Goldman Sachs Group dropped their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, UBS Group cut their price target on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $94.75.

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.