Dollar General Co. (NYSE:DG) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its position in shares of Dollar General Co. (NYSE:DGFree Report) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,013 shares of the company’s stock after selling 747 shares during the period. Impax Asset Management Group plc’s holdings in Dollar General were worth $682,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after acquiring an additional 3,457,393 shares in the last quarter. State Street Corp raised its stake in shares of Dollar General by 11.3% in the first quarter. State Street Corp now owns 9,765,333 shares of the company’s stock valued at $2,055,202,000 after acquiring an additional 994,813 shares in the last quarter. Morgan Stanley raised its stake in shares of Dollar General by 38.5% in the fourth quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock valued at $1,168,329,000 after acquiring an additional 1,318,412 shares in the last quarter. Northern Trust Corp raised its stake in shares of Dollar General by 2.8% in the third quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock valued at $248,278,000 after acquiring an additional 62,913 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Dollar General in the fourth quarter valued at $564,881,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of DG opened at $154.37 on Friday. 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 capitalization of $33.91 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.80 and a beta of 0.42. The firm has a 50-day simple moving average of $148.40 and a 200-day simple moving average of $132.49. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19.

Dollar General (NYSE:DGGet Free Report) last announced its earnings results 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. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the prior year, the firm earned $2.96 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid 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 1.53%. Dollar General’s dividend payout ratio (DPR) is 31.22%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DG. BMO Capital Markets increased their price objective on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. The Goldman Sachs Group increased their target price on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Truist Financial increased their target price on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, March 15th. Finally, Argus increased their target price on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $152.96.

View Our Latest Stock Analysis on DG

Insider Transactions at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction dated 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 $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Dollar General Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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