Moors & Cabot Inc. Has $209,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Moors & Cabot Inc. trimmed its position in shares of Dollar General Co. (NYSE:DG) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,761 shares of the company’s stock after selling 163 shares during the period. Moors & Cabot Inc.’s holdings in Dollar General were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Pzena Investment Management LLC lifted its stake in shares of Dollar General by 14.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after acquiring an additional 1,528,450 shares during the period. State Street Corp lifted its stake in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after acquiring an additional 759,869 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dollar General by 3.6% in the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after acquiring an additional 182,300 shares during the period. ACR Alpine Capital Research LLC lifted its stake in shares of Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after acquiring an additional 3,994,070 shares during the period. Finally, Baupost Group LLC MA acquired a new position in shares of Dollar General in the third quarter worth approximately $194,832,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Dollar General Trading Down 1.0 %

Shares of Dollar General stock opened at $79.15 on Monday. The stock has a fifty day simple moving average of $73.69 and a 200 day simple moving average of $77.74. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $164.12. The company has a market capitalization of $17.41 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.98%. Dollar General’s dividend payout ratio is currently 46.18%.

Analyst Upgrades and Downgrades

DG has been the topic of several recent analyst reports. Citigroup dropped their price target on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research note on Friday, March 7th. Bank of America dropped their price target on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial dropped their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price target (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $85.00 price target on shares of Dollar General in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $92.26.

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.