Dollar General Co. (NYSE:DG) Shares Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH increased its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 390.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,429 shares of the company's stock after buying an additional 9,897 shares during the period. Siemens Fonds Invest GmbH's holdings in Dollar General were worth $942,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Dollar General during the fourth quarter valued at approximately $12,114,000. Employees Retirement System of Texas lifted its holdings in shares of Dollar General by 61.9% in the 4th quarter. Employees Retirement System of Texas now owns 71,070 shares of the company's stock worth $5,389,000 after acquiring an additional 27,170 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Dollar General by 29.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 7,479 shares of the company's stock worth $567,000 after acquiring an additional 1,701 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in Dollar General during the 4th quarter valued at $5,004,000. Finally, Ameriflex Group Inc. bought a new stake in Dollar General during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DG. Truist Financial boosted their price objective on shares of Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a research report on Tuesday, April 8th. Sanford C. Bernstein set a $120.00 target price on shares of Dollar General in a research report on Friday, May 23rd. Guggenheim upped their target price on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. The Goldman Sachs Group upped their target price 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. Finally, UBS Group upped their price target on shares of Dollar General from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $98.96.

Dollar General Stock Performance

Dollar General stock traded up $0.06 during midday trading on Monday, hitting $97.31. The stock had a trading volume of 4,863,560 shares, compared to its average volume of 4,004,445. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $141.24. The firm's fifty day moving average is $92.83 and its two-hundred day moving average is $81.60. The company has a market capitalization of $21.40 billion, a PE ratio of 16.03, a P/E/G ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG - Get Free Report) last posted its 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 net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same period last year, the firm posted $1.83 earnings per share. Dollar General's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

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

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General 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 sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

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.