Swiss National Bank Sells 19,200 Shares of Dollar General Co. (NYSE:DG)

Swiss National Bank cut its position in Dollar General Co. (NYSE:DG) by 2.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 686,300 shares of the company’s stock after selling 19,200 shares during the period. Swiss National Bank’s holdings in Dollar General were worth $93,302,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DG. West Family Investments Inc. acquired a new stake in Dollar General in the fourth quarter valued at $227,000. First Trust Direct Indexing L.P. lifted its stake in Dollar General by 65.4% in the 4th quarter. First Trust Direct Indexing L.P. now owns 6,269 shares of the company’s stock valued at $852,000 after purchasing an additional 2,479 shares during the last quarter. Buckhead Capital Management LLC lifted its stake in Dollar General by 11.7% in the 4th quarter. Buckhead Capital Management LLC now owns 32,509 shares of the company’s stock valued at $4,420,000 after purchasing an additional 3,411 shares during the last quarter. ICW Investment Advisors LLC grew its holdings in Dollar General by 3.0% during the fourth quarter. ICW Investment Advisors LLC now owns 3,568 shares of the company’s stock worth $485,000 after purchasing an additional 103 shares during the period. Finally, Victory Capital Management Inc. increased its position in Dollar General by 16.3% during the fourth quarter. Victory Capital Management Inc. now owns 101,135 shares of the company’s stock worth $13,749,000 after buying an additional 14,182 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were 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 in the company, valued at approximately $505,778.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction dated Thursday, April 11th. The shares were 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 disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Trading Up 0.2 %

Shares of Dollar General stock opened at $137.49 on Friday. 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 12-month low of $101.09 and a 12-month high of $221.50. The company has a market capitalization of $30.20 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.46 and a beta of 0.44. The firm’s 50-day moving average price is $150.07 and its two-hundred day moving average price is $136.55.

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

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.72%. Dollar General’s payout ratio is 31.22%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Piper Sandler reissued a “neutral” rating and issued a $147.00 price objective (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Evercore ISI reduced their target price on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. Finally, BMO Capital Markets upped their price target 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. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus target price of $153.08.

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.