The Manufacturers Life Insurance Company reduced its position in shares of Dollar General Corporation (NYSE:DG – Free Report) by 12.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 263,409 shares of the company’s stock after selling 37,326 shares during the period. The Manufacturers Life Insurance Company’s holdings in Dollar General were worth $31,275,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of DG. Life Cycle Investment Partners Ltd acquired a new stake in Dollar General during the 4th quarter worth about $363,299,000. AQR Capital Management LLC increased its holdings in shares of Dollar General by 416.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,525,608 shares of the company’s stock valued at $259,759,000 after purchasing an additional 2,036,573 shares during the period. Bessemer Group Inc. lifted its position in shares of Dollar General by 24,882.5% in the fourth quarter. Bessemer Group Inc. now owns 1,694,315 shares of the company’s stock worth $224,953,000 after purchasing an additional 1,687,533 shares in the last quarter. Morgan Stanley lifted its position in shares of Dollar General by 35.0% in the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock worth $832,513,000 after purchasing an additional 1,624,748 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Dollar General by 2,208.2% during the first quarter. SG Americas Securities LLC now owns 1,554,918 shares of the company’s stock worth $184,615,000 after purchasing an additional 1,487,554 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Dollar General Stock Performance
Shares of NYSE DG opened at $127.24 on Friday. Dollar General Corporation has a 12 month low of $95.11 and a 12 month high of $158.23. The company has a market cap of $28.07 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.94 and a beta of 0.25. The business’s 50 day moving average is $115.70 and its two-hundred day moving average is $126.49. The company has a quick ratio of 0.25, a current ratio of 1.17 and a debt-to-equity ratio of 0.52.
Dollar General Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.9%. Dollar General’s dividend payout ratio (DPR) is 33.38%.
Wall Street Analyst Weigh In
DG has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Dollar General from $109.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group lowered their price target on shares of Dollar General from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Loop Capital upped their price target on shares of Dollar General from $110.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Wall Street Zen lowered Dollar General from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, BNP Paribas Exane reduced their price objective on Dollar General from $144.00 to $113.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $131.27.
Get Our Latest Stock Report on Dollar General
About Dollar General
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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