Dollar General Co. (NYSE:DG) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its stake in shares of Dollar General Co. (NYSE:DG) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,915 shares of the company’s stock after selling 332 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Dollar General were worth $18,070,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in Dollar General in the fourth quarter valued at approximately $25,000. Studio Investment Management LLC acquired a new stake in shares of Dollar General in the third quarter valued at approximately $26,000. MV Capital Management Inc. boosted its holdings in shares of Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after acquiring an additional 96 shares during the period. Covestor Ltd boosted its holdings in shares of Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after acquiring an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $33,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

DG stock opened at $143.25 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The firm has a market cap of $31.47 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.59 and a beta of 0.42. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99. The stock’s 50 day simple moving average is $149.76 and its 200 day simple moving average is $134.80.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the business earned $2.96 EPS. The firm’s revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts predict that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared 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 of this dividend is Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.65%. Dollar General’s payout ratio is 31.22%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. JPMorgan Chase & Co. increased their price objective on Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Evercore ISI cut their price target on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research note on Tuesday, April 2nd. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Finally, Truist Financial lifted their price objective on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $153.08.

Insider Transactions at Dollar General

In other 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 completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Ralph Santana sold 3,009 shares of the company’s 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 completion of the sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction 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 completion of the sale, 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 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.