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

Siemens Fonds Invest GmbH increased its position in Dollar General Co. (NYSE:DG - Free Report) by 390.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,429 shares of the company's stock after buying an additional 9,897 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Dollar General were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Dollar General by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock valued at $1,913,036,000 after acquiring an additional 160,853 shares in the last quarter. Pzena Investment Management LLC raised its position in Dollar General by 14.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after purchasing an additional 1,528,450 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after purchasing an additional 118,204 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Dollar General in the fourth quarter worth about $399,433,000. Finally, ACR Alpine Capital Research LLC grew its stake in shares of Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after buying an additional 3,994,070 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Activity

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial boosted their price target on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research report on Tuesday, April 8th. Gordon Haskett cut shares of Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 target price (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Morgan Stanley lifted their price target on shares of Dollar General from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Melius raised shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $95.48.

Dollar General Stock Performance

Shares of NYSE DG traded down $1.39 during midday trading on Wednesday, hitting $100.81. The company's stock had a trading volume of 2,964,473 shares, compared to its average volume of 4,022,586. The firm has a market cap of $22.17 billion, a P/E ratio of 16.61, a P/E/G 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 $145.94. The firm's fifty day moving average price is $89.72 and its 200-day moving average price is $80.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG - Get Free Report) last posted 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 company 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 business's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 earnings per share. On average, sell-side analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business 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 2.34%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's payout ratio 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.