Waverly Advisors LLC Buys 10,412 Shares of Dollar General Co. (NYSE:DG)

Waverly Advisors LLC increased its holdings in Dollar General Co. (NYSE:DG - Free Report) by 130.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,383 shares of the company's stock after purchasing an additional 10,412 shares during the period. Waverly Advisors LLC's holdings in Dollar General were worth $1,394,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DG. Vanguard Group Inc. raised its position 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 worth $1,913,036,000 after purchasing an additional 160,853 shares during the period. Pzena Investment Management LLC lifted its position in shares of Dollar General by 14.9% during the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after acquiring an additional 1,528,450 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dollar General by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock valued at $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 valued at $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its holdings 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 purchasing an additional 3,994,070 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DG shares. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Tuesday, April 8th. Morgan Stanley boosted their price target on Dollar General from $80.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. UBS Group reduced their price target on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Piper Sandler upped their price objective on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group raised their price objective on Dollar General from $85.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General currently has a consensus rating of "Hold" and a consensus price target of $97.96.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $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 SEC, which is accessible through the SEC website. Corporate insiders own 0.56% of the company's stock.

Dollar General Price Performance

Shares of NYSE DG traded down $2.05 during trading on Wednesday, hitting $98.94. 960,809 shares of the company were exchanged, compared to its average volume of 4,017,928. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $145.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm's fifty day moving average price is $91.73 and its 200 day moving average price is $80.98. The company has a market cap of $21.76 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $10.26 billion. During the same period in the previous year, the firm earned $1.83 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, sell-side analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.39%. Dollar General's dividend payout ratio is presently 46.18%.

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.