Rockefeller Capital Management L.P. Trims Stake in Dollar General Co. (NYSE:DG)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 36.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,418 shares of the company's stock after selling 6,471 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Dollar General were worth $887,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 160,853 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after purchasing an additional 1,528,450 shares during the period. Geode Capital Management LLC lifted its position in shares of Dollar General by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after purchasing an additional 118,204 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Dollar General in the 4th quarter worth approximately $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its position in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after purchasing an additional 3,994,070 shares during the period. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DG shares. The Goldman Sachs Group dropped their target price on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Gordon Haskett cut shares of Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday, April 9th. Truist Financial raised their target price on Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a research note on Tuesday, April 8th. Barclays reduced their target price on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research note on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $94.75.

Dollar General Stock Performance

Shares of NYSE:DG traded down $1.07 during mid-day trading on Monday, reaching $92.49. The company had a trading volume of 3,048,316 shares, compared to its average volume of 3,923,836. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $20.34 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 2.18 and a beta of 0.40. The company's 50-day moving average price is $84.62 and its 200-day moving average price is $78.90. Dollar General Co. has a one year low of $66.43 and a one year high of $147.87.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $10.26 billion. During the same quarter in the previous year, the firm posted $1.83 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.55%. Dollar General's payout ratio is 46.18%.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.56% of the company's stock.

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.