Dollar General Co. (NYSE:DG) Shares Acquired by Bristol John W & Co. Inc. NY

Bristol John W & Co. Inc. NY increased its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 776,223 shares of the company's stock after purchasing an additional 167,733 shares during the quarter. Dollar General accounts for 1.9% of Bristol John W & Co. Inc. NY's portfolio, making the stock its 22nd biggest holding. Bristol John W & Co. Inc. NY owned about 0.35% of Dollar General worth $105,528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fiduciary Trust Co. lifted its position in Dollar General by 0.7% during the 1st quarter. Fiduciary Trust Co. now owns 8,868 shares of the company's stock worth $1,866,000 after acquiring an additional 64 shares during the period. SevenOneSeven Capital Management lifted its position in Dollar General by 5.4% during the 2nd quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company's stock worth $207,000 after acquiring an additional 64 shares during the period. Kinneret Advisory LLC lifted its position in Dollar General by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 2,906 shares of the company's stock worth $647,000 after acquiring an additional 65 shares during the period. Cito Capital Group LLC lifted its position in Dollar General by 2.5% during the 1st quarter. Cito Capital Group LLC now owns 3,100 shares of the company's stock worth $652,000 after acquiring an additional 75 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in Dollar General by 7.6% during the 4th quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company's stock worth $286,000 after acquiring an additional 82 shares during the period. 91.77% of the stock is owned by institutional investors.

Insider Activity at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the company's stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Dollar General Price Performance

Shares of Dollar General stock traded down $6.59 on Friday, hitting $147.78. 2,479,427 shares of the company were exchanged, compared to its average volume of 2,073,092. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $222.99. The stock has a market capitalization of $32.46 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 2.64 and a beta of 0.42. The company has a 50-day moving average price of $148.63 and a 200 day moving average price of $133.15. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion for the quarter, compared to analysts' expectations of $9.77 billion. During the same period in the prior year, the firm posted $2.96 earnings per share. The firm's quarterly revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General's dividend payout ratio is presently 31.22%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Argus lifted their price target on Dollar General from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. Piper Sandler reiterated a "neutral" rating and set a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Barclays upgraded Dollar General from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $124.00 to $154.00 in a research note on Thursday, January 4th. Evercore ISI reduced their price objective on Dollar General from $162.00 to $160.00 and set an "in-line" rating for the company in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. upgraded Dollar General from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $120.00 to $158.00 in a research note on Tuesday, March 12th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $152.96.

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.