7,990 Shares in Dollar General Co. (NYSE:DG) Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA acquired a new stake in Dollar General Co. (NYSE:DG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,990 shares of the company’s stock, valued at approximately $606,000.

Several other large investors also recently modified their holdings of DG. SBI Securities Co. Ltd. acquired a new stake in Dollar General in the fourth quarter valued at $57,000. Eagle Rock Investment Company LLC raised its stake in shares of Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after purchasing an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. bought a new position in shares of Dollar General during the fourth quarter worth about $2,018,000. DAVENPORT & Co LLC grew its stake in Dollar General by 5,624.9% in the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after purchasing an additional 316,005 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY bought a new stake in Dollar General in the fourth quarter valued at about $6,158,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Down 1.6 %

DG opened at $86.27 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market capitalization of $18.97 billion, a PE ratio of 14.21, a P/E/G ratio of 2.18 and a beta of 0.40. The stock’s fifty day moving average is $79.68 and its 200-day moving average is $78.20. Dollar General Co. has a one year low of $66.43 and a one year high of $156.25.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.74%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Analyst Ratings Changes

Several brokerages have recently commented on DG. Melius upgraded Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Tuesday. UBS Group lowered their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. The Goldman Sachs Group reduced their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Barclays lowered their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. Finally, Piper Sandler raised their target price on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $94.75.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction 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 represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

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.