Dollar General Co. (NYSE:DG) Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lifted its stake in Dollar General Co. (NYSE:DG) by 102.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 109,020 shares of the company’s stock after purchasing an additional 55,120 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Dollar General were worth $8,266,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Dollar General during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General in the third quarter valued at $33,000. Providence First Trust Co acquired a new position in shares of Dollar General in the 4th quarter valued at $33,000. Finally, Bogart Wealth LLC increased its position in shares of Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE DG opened at $90.24 on Friday. The company’s fifty day moving average is $85.77 and its two-hundred day moving average is $79.22. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.18 and a beta of 0.40. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $147.87.

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

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.62%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of research reports. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Truist Financial increased their price objective on Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a report on Tuesday, April 8th. Gordon Haskett cut Dollar General from a “hold” rating to a “reduce” rating in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $94.75.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by company insiders.

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.