Mirae Asset Global Investments Co. Ltd. Sells 14,354 Shares of Dollar General Co. (NYSE:DG)

Mirae Asset Global Investments Co. Ltd. trimmed its position in Dollar General Co. (NYSE:DG - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,731 shares of the company's stock after selling 14,354 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Dollar General were worth $6,625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Smith Salley & Associates lifted its stake in shares of Dollar General by 7.9% during the fourth quarter. Smith Salley & Associates now owns 82,977 shares of the company's stock worth $11,281,000 after buying an additional 6,047 shares during the period. Tritonpoint Wealth LLC acquired a new stake in shares of Dollar General during the fourth quarter worth $1,061,000. Venture Visionary Partners LLC acquired a new stake in shares of Dollar General during the fourth quarter worth $413,000. Prime Capital Investment Advisors LLC lifted its stake in shares of Dollar General by 294.5% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company's stock worth $2,573,000 after buying an additional 14,127 shares during the period. Finally, Fulton Bank N.A. lifted its stake in shares of Dollar General by 5.5% during the fourth quarter. Fulton Bank N.A. now owns 2,439 shares of the company's stock worth $332,000 after buying an additional 128 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DG has been the subject of a number of research reports. Oppenheimer restated a "market perform" rating on shares of Dollar General in a research report on Wednesday, March 6th. BMO Capital Markets boosted their target price on shares of Dollar General from $130.00 to $160.00 and gave the company a "market perform" rating in a research report on Friday, March 15th. Piper Sandler restated a "neutral" rating and set a $147.00 target price (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. StockNews.com upgraded shares of Dollar General from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dollar General from $158.00 to $161.00 and gave the stock a "neutral" rating in a research report on Monday. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $153.08.

Insider Transactions at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Dollar General Price Performance

NYSE DG traded down $3.09 during trading hours on Monday, hitting $144.69. 2,065,102 shares of the company's stock traded hands, compared to its average volume of 2,400,341. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $222.99. The company has a market capitalization of $31.78 billion, a PE ratio of 19.30, a PEG ratio of 2.64 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The firm's 50-day moving average is $148.63 and its 200-day moving average is $133.15.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. Dollar General's dividend payout ratio is currently 31.22%.

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.