Marks Group Wealth Management Inc Sells 27,050 Shares of Dollar General Co. (NYSE:DG)

Marks Group Wealth Management Inc cut its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 92.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,273 shares of the company's stock after selling 27,050 shares during the period. Marks Group Wealth Management Inc's holdings in Dollar General were worth $309,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $25,000. MV Capital Management Inc. boosted its holdings in Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company's stock valued at $30,000 after purchasing an additional 96 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new stake in Dollar General in the fourth quarter valued at $33,000. Studio Investment Management LLC purchased a new stake in Dollar General in the third quarter valued at $26,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Dollar General by 53.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 298 shares of the company's stock valued at $41,000 after purchasing an additional 104 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DG. Truist Financial increased their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a "hold" rating in a research note on Friday, March 15th. Oppenheimer reissued a "market perform" rating on shares of Dollar General in a research note on Wednesday, March 6th. Telsey Advisory Group reissued an "outperform" rating and set a $170.00 target price on shares of Dollar General in a research note on Tuesday, April 2nd. StockNews.com raised shares of Dollar General from a "sell" rating to a "hold" rating in a research note on Wednesday, February 14th. Finally, Morgan Stanley raised their price target on shares of Dollar General from $160.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $153.08.

Dollar General Trading Up 0.3 %

Shares of NYSE DG traded up $0.48 during midday trading on Wednesday, reaching $143.21. 1,322,899 shares of the stock were exchanged, compared to its average volume of 2,338,499. The company has a 50 day simple moving average of $150.21 and a 200 day simple moving average of $135.13. The stock has a market capitalization of $31.46 billion, a P/E ratio of 18.94, a PEG ratio of 2.55 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $222.99.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business's revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.96 EPS. As a group, equities analysts expect that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.65%. Dollar General's dividend payout ratio (DPR) is presently 31.22%.

Insider Activity at Dollar General

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

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.