Birmingham Capital Management Co. Inc. AL Buys 22,255 Shares of Dollar General Co. (NYSE:DG)

Birmingham Capital Management Co. Inc. AL boosted its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 714.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,370 shares of the company's stock after purchasing an additional 22,255 shares during the quarter. Birmingham Capital Management Co. Inc. AL's holdings in Dollar General were worth $1,924,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DG. IMG Wealth Management Inc. bought a new stake in shares of Dollar General in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Dollar General in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. bought a new stake in shares of Dollar General in the 4th quarter worth approximately $31,000. Providence First Trust Co bought a new stake in shares of Dollar General in the 4th quarter worth approximately $33,000. Finally, Bogart Wealth LLC lifted its position in shares of 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 acquiring an additional 361 shares during the period. Institutional investors own 91.77% of the company's stock.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction 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 completion of the sale, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company's stock.

Dollar General Price Performance

DG stock traded up $0.10 during midday trading on Friday, reaching $97.17. 5,245,143 shares of the company's stock traded hands, compared to its average volume of 4,004,425. The company has a 50-day simple moving average of $92.58 and a two-hundred day simple moving average of $81.39. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $141.24. The company has a market cap of $21.37 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.18 and a beta of 0.27. 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 (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, beating 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 firm had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.26 billion. During the same period last year, the firm posted $1.83 EPS. The business's revenue was up 4.5% on a year-over-year basis. On average, analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.43%. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Wall Street Analyst Weigh In

DG has been the subject of a number of research reports. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a research report on Friday, May 23rd. The Goldman Sachs Group raised their price objective on Dollar General from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Piper Sandler raised their target price on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Finally, Bank of America raised their target price on Dollar General from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $98.96.

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.