CANADA LIFE ASSURANCE Co Raises Stake in Dollar General Co. (NYSE:DG)

CANADA LIFE ASSURANCE Co grew its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,754 shares of the company's stock after acquiring an additional 13,917 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.10% of Dollar General worth $17,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in Dollar General in the 4th quarter worth $25,000. IMG Wealth Management Inc. purchased a new stake in Dollar General during the 4th quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General during the third quarter valued at approximately $33,000. Providence First Trust Co purchased a new position in shares of Dollar General in the fourth quarter worth $33,000. Finally, Bogart Wealth LLC boosted its position in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Trading Down 0.2 %

DG stock traded down $0.17 during mid-day trading on Friday, reaching $93.64. The company had a trading volume of 3,040,017 shares, compared to its average volume of 3,917,156. The firm has a 50 day moving average of $84.29 and a 200 day moving average of $78.88. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $147.87. The company has a market capitalization of $20.60 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS 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 company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period last year, the business posted $1.83 EPS. Dollar General's quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is 46.18%.

Insider Activity

In related news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DG. Barclays decreased their price target on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. Morgan Stanley cut their price target on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Bank of America lowered their target price on Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, March 14th. Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $69.00 to $101.00 in a research report on Monday, April 7th. Finally, Piper Sandler increased their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $94.75.

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.