Venturi Wealth Management LLC lowered its position in Dollar General Corporation (NYSE:DG – Free Report) by 77.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,751 shares of the company’s stock after selling 6,138 shares during the period. Venturi Wealth Management LLC’s holdings in Dollar General were worth $208,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of DG. Calamos Advisors LLC lifted its position in Dollar General by 32.9% during the 4th quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock worth $32,591,000 after buying an additional 60,746 shares in the last quarter. Park Capital Management LLC WI bought a new stake in Dollar General during the 4th quarter worth about $1,245,000. Geode Capital Management LLC increased its position in Dollar General by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after acquiring an additional 42,936 shares in the last quarter. Norges Bank acquired a new stake in Dollar General in the 4th quarter valued at about $133,431,000. Finally, Dana Investment Advisors Inc. raised its stake in shares of Dollar General by 36.0% in the fourth quarter. Dana Investment Advisors Inc. now owns 39,170 shares of the company’s stock worth $5,201,000 after acquiring an additional 10,370 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.
Dollar General Stock Down 2.0%
Shares of NYSE:DG opened at $115.16 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.17 and a quick ratio of 0.25. The stock has a market cap of $25.40 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.79 and a beta of 0.26. The company has a 50 day moving average of $111.71 and a 200-day moving average of $128.99. Dollar General Corporation has a one year low of $95.11 and a one year high of $158.23.
Dollar General Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.0%. Dollar General’s dividend payout ratio is 33.38%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a research report on Friday, April 10th. Loop Capital raised their price target on shares of Dollar General from $110.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein restated an “outperform” rating and issued a $149.00 price objective on shares of Dollar General in a research report on Wednesday, June 3rd. Barclays reduced their price objective on Dollar General from $151.00 to $148.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group lowered their target price on Dollar General from $130.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $131.27.
View Our Latest Stock Report on DG
Dollar General Profile
Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.
Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.
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