Strategic Wealth Partners Ltd. Sells 25,140 Shares of Dollar General Co. (NYSE:DG)

Strategic Wealth Partners Ltd. trimmed its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 56.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,508 shares of the company's stock after selling 25,140 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Dollar General were worth $1,421,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Dollar General in the fourth quarter valued at $25,000. IMG Wealth Management Inc. purchased a new stake in Dollar General in the 4th quarter worth about $25,000. Providence First Trust Co bought a new stake in Dollar General in the 4th quarter valued at about $33,000. Bogart Wealth LLC lifted its holdings in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after purchasing an additional 278 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

DG traded down $0.16 during trading on Thursday, reaching $100.62. The stock had a trading volume of 2,958,938 shares, compared to its average volume of 4,018,366. The business has a 50-day moving average of $90.15 and a 200-day moving average of $80.37. Dollar General Co. has a one year low of $66.43 and a one year high of $145.94. 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 stock has a market cap of $22.13 billion, a PE ratio of 16.58, a PEG ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion for 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 was up 4.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.83 EPS. As a group, equities research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.35%. Dollar General's dividend payout ratio (DPR) is 46.18%.

Insider Activity

In other 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 transaction, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DG shares. The Goldman Sachs Group upped their price target on shares of Dollar General from $85.00 to $96.00 and gave the company a "buy" rating in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Piper Sandler raised their price target on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Telsey Advisory Group restated a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a research note on Thursday, March 13th. Finally, UBS Group reduced their target price on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $95.48.

Dollar General Company 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.