Wealth Alliance Trims Position in Dollar General Co. (NYSE:DG)

Wealth Alliance lessened its holdings in shares of Dollar General Co. (NYSE:DG) by 3.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,984 shares of the company’s stock after selling 114 shares during the quarter. Wealth Alliance’s holdings in Dollar General were worth $406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Manhattan Co. increased its holdings in shares of Dollar General by 447.4% during the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after buying an additional 85 shares during the last quarter. Financial Freedom LLC acquired a new stake in shares of Dollar General during the 4th quarter worth $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Dollar General during the 1st quarter worth $28,000. Atlas Capital Advisors LLC acquired a new stake in shares of Dollar General during the 2nd quarter worth $32,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth $25,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of NYSE DG opened at $144.47 on Thursday. The firm’s 50-day moving average price is $149.24 and its two-hundred day moving average price is $133.78. The stock has a market capitalization of $31.74 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.59 and a beta of 0.42. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $222.99.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The company had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.96 earnings per share. As a group, sell-side analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a dividend of $0.59 per share. The ex-dividend date is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.63%. Dollar General’s dividend payout ratio is presently 31.22%.

Wall Street Analyst Weigh In

DG has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. The Goldman Sachs Group increased their price target on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $124.00 to $154.00 in a report on Thursday, January 4th. Truist Financial increased their price target on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, March 15th. Finally, Raymond James raised their target price on Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $153.08.

Insider Activity at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.