DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 66,620 Shares of Dollar General Co. (NYSE:DG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its position in Dollar General Co. (NYSE:DG - Free Report) by 44.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,149 shares of the company's stock after selling 66,620 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Dollar General were worth $6,229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DG. Deseret Mutual Benefit Administrators raised its holdings in Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock worth $143,000 after buying an additional 150 shares during the period. Bruce G. Allen Investments LLC boosted its stake in Dollar General by 20.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock worth $72,000 after purchasing an additional 161 shares during the period. Federated Hermes Inc. increased its holdings in Dollar General by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after purchasing an additional 192 shares in the last quarter. Colonial Trust Co SC raised its stake in shares of Dollar General by 13.9% in the 4th quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock valued at $124,000 after purchasing an additional 199 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in shares of Dollar General by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock valued at $553,000 after purchasing an additional 255 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DG has been the topic of several research reports. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Bank of America reduced their target price on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, March 14th. Deutsche Bank Aktiengesellschaft reiterated 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. Piper Sandler increased their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $95.16.

Dollar General Price Performance

Shares of DG traded down $2.63 during trading hours on Tuesday, hitting $86.86. 4,066,699 shares of the company were exchanged, compared to its average volume of 3,982,922. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87. The company has a market cap of $19.10 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 2.18 and a beta of 0.27. The firm's fifty day moving average is $87.99 and its 200 day moving average is $79.67.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.83 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Tuesday, April 8th. Dollar General's dividend payout ratio is presently 46.18%.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. Insiders own 0.56% of the company's stock.

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.