Capital World Investors Cuts Holdings in Dollar General Co. (NYSE:DG)

Capital World Investors lowered its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 48.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,684,704 shares of the company's stock after selling 4,373,220 shares during the quarter. Capital World Investors owned approximately 2.13% of Dollar General worth $355,194,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DG. Altshuler Shaham Ltd purchased a new stake in Dollar General in the 4th quarter worth about $25,000. IMG Wealth Management Inc. purchased a new position in shares of Dollar General in the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General in the third quarter valued at approximately $33,000. Providence First Trust Co purchased a new stake in shares of Dollar General during the 4th quarter valued at approximately $33,000. Finally, Bogart Wealth LLC boosted its holdings in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by insiders.

Dollar General Trading Down 0.2 %

Shares of NYSE:DG traded down $0.17 on Friday, reaching $93.64. 3,040,017 shares of the company traded hands, compared to its average volume of 3,917,156. Dollar General Co. has a 52 week low of $66.43 and a 52 week 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 business's 50-day simple moving average is $84.29 and its 200 day simple moving average is $78.88. The stock has a market capitalization of $20.60 billion, a P/E 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 announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm earned $1.83 EPS. The business's quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.52%. The ex-dividend date was Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DG shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $85.00 price target on shares of Dollar General in a research report on Thursday, March 13th. Gordon Haskett downgraded shares of Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. Piper Sandler boosted their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 target price (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Finally, Melius raised shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.