Bristol John W & Co. Inc. NY Trims Stake in Dollar General Co. (NYSE:DG)

Bristol John W & Co. Inc. NY cut its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 734,951 shares of the company's stock after selling 18,326 shares during the period. Bristol John W & Co. Inc. NY owned about 0.33% of Dollar General worth $55,724,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in Dollar General by 29.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 7,479 shares of the company's stock valued at $567,000 after buying an additional 1,701 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Dollar General during the 4th quarter worth about $5,004,000. Ameriflex Group Inc. acquired a new stake in Dollar General during the 4th quarter valued at $31,000. United Advisor Group LLC acquired a new position in shares of Dollar General in the 4th quarter valued at approximately $241,000. Finally, Mackenzie Financial Corp raised its position in shares of Dollar General by 71.0% in the 4th quarter. Mackenzie Financial Corp now owns 44,764 shares of the company's stock valued at $3,394,000 after purchasing an additional 18,580 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Truist Financial increased their target price on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research report on Tuesday, April 8th. UBS Group increased their price target on Dollar General from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday. The Goldman Sachs Group increased their price target on shares of Dollar General from $85.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Telsey Advisory Group raised their price objective on shares of Dollar General from $85.00 to $100.00 and gave the company a "market perform" rating in a research report on Tuesday. Finally, Morgan Stanley raised their price objective on shares of Dollar General from $80.00 to $85.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $98.96.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business'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 sale, the executive vice president now owns 48,532 shares of the company's stock, valued at $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company's stock.

Dollar General Stock Performance

Shares of DG stock traded up $0.10 on Friday, reaching $97.17. The stock had a trading volume of 5,245,143 shares, compared to its average volume of 4,004,425. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a 50 day simple moving average of $92.58 and a 200 day simple moving average of $81.39. The stock has a market cap of $21.37 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $141.24.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.83 earnings per share. Equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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

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.