Public Employees Retirement System of Ohio Has $6.01 Million Stock Position in Dollar General Co. (NYSE:DG)

Public Employees Retirement System of Ohio lowered its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 79,314 shares of the company's stock after selling 2,620 shares during the period. Public Employees Retirement System of Ohio's holdings in Dollar General were worth $6,014,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in Dollar General during the 4th quarter valued at about $25,000. IMG Wealth Management Inc. acquired a new position in Dollar General during the 4th quarter valued at about $25,000. Providence First Trust Co acquired a new position in Dollar General during the 4th quarter valued at about $33,000. Bogart Wealth LLC increased its stake in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after buying an additional 361 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock valued at $38,000 after buying an additional 278 shares during the period. Institutional investors own 91.77% of the company's stock.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company's stock.

Dollar General Stock Up 0.1%

Shares of DG traded up $0.10 during mid-day trading on Friday, hitting $97.17. 5,245,143 shares of the company's stock were exchanged, compared to its average volume of 4,004,425. The company has a market cap of $21.37 billion, a PE ratio of 16.01, a P/E/G ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $141.24. The company has a 50-day simple moving average of $92.58 and a 200 day simple moving average of $81.39. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

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

Dollar General Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on DG. Gordon Haskett downgraded shares of Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Tuesday, April 8th. Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $69.00 to $101.00 in a report on Monday, April 7th. Morgan Stanley boosted their target price on shares of Dollar General from $80.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, Truist Financial boosted their target price on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $98.96.

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.