Alethea Capital Management LLC Takes Position in Dollar General Co. (NYSE:DG)

Alethea Capital Management LLC acquired a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,060 shares of the company's stock, valued at approximately $384,000. Dollar General comprises approximately 0.3% of Alethea Capital Management LLC's portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Dollar General in the fourth quarter worth $57,000. Eagle Rock Investment Company LLC increased its stake in shares of Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after buying an additional 4,048 shares during the period. Leibman Financial Services Inc. acquired a new stake in shares of Dollar General in the fourth quarter valued at about $2,018,000. DAVENPORT & Co LLC raised its position in shares of Dollar General by 5,624.9% during the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock worth $24,385,000 after acquiring an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY acquired a new position in shares of Dollar General in the fourth quarter worth approximately $6,158,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company's stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $90.24 on Friday. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.87. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock has a market cap of $19.85 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. The stock's fifty day simple moving average is $85.77 and its two-hundred day simple moving average is $79.22.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results 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 net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. During the same period in the previous year, the company earned $1.83 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.59 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.62%. Dollar General's dividend payout ratio is currently 46.18%.

Analyst Ratings Changes

Several research firms have issued reports on DG. Morgan Stanley lowered their price target on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Barclays dropped their target price on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 9th. Citigroup upgraded Dollar General from a "sell" rating to a "neutral" rating and increased their price target for the stock from $69.00 to $101.00 in a report on Monday, April 7th. Telsey Advisory Group restated a "market perform" rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. Finally, Truist Financial lifted their target price on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $94.75.

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.

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