Kornitzer Capital Management Inc. KS Cuts Stake in Dollar General Co. (NYSE:DG)

Kornitzer Capital Management Inc. KS decreased its position in Dollar General Co. (NYSE:DGFree Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,193 shares of the company’s stock after selling 1,578 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Dollar General were worth $3,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DG. Vanguard Group Inc. raised its stake in shares of Dollar General by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after buying an additional 3,457,393 shares in the last quarter. Norges Bank acquired a new position in Dollar General during the fourth quarter worth $564,881,000. Morgan Stanley raised its position in Dollar General by 38.5% in the fourth quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock worth $1,168,329,000 after acquiring an additional 1,318,412 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Dollar General by 98.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after acquiring an additional 1,043,141 shares during the period. Finally, State Street Corp boosted its position in shares of Dollar General by 11.3% during the 1st quarter. State Street Corp now owns 9,765,333 shares of the company’s stock worth $2,055,202,000 after purchasing an additional 994,813 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. The Goldman Sachs Group lifted their price target on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Truist Financial upped their price target on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, March 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a report on Tuesday, April 2nd. Finally, Morgan Stanley upped their target price on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $153.08.

Get Our Latest Stock Analysis on Dollar General

Insider Activity at Dollar General

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

Dollar General Trading Down 0.6 %

NYSE DG opened at $144.82 on Friday. 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 Co. has a one year low of $101.09 and a one year high of $222.99. The company’s 50 day moving average price is $149.63 and its 200 day moving average price is $134.35. The firm has a market capitalization of $31.81 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.59 and a beta of 0.42.

Dollar General (NYSE:DGGet Free Report) last issued its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter last year, the firm posted $2.96 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The business 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 $0.59 dividend. 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 (DPR) is currently 31.22%.

About Dollar General

(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.

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

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