Voya Investment Management LLC Sells 4,109 Shares of Dollar General Co. (NYSE:DG)

Voya Investment Management LLC lessened its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,275 shares of the company's stock after selling 4,109 shares during the quarter. Voya Investment Management LLC's holdings in Dollar General were worth $4,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC lifted its stake in Dollar General by 101.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 23,130 shares of the company's stock worth $1,754,000 after purchasing an additional 11,664 shares during the last quarter. Symmetry Investments LP acquired a new stake in Dollar General in the fourth quarter worth approximately $867,000. Fuller & Thaler Asset Management Inc. boosted its stake in Dollar General by 2.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 302,665 shares of the company's stock valued at $22,948,000 after buying an additional 7,421 shares in the last quarter. MGO One Seven LLC lifted its stake in Dollar General by 36.3% during the fourth quarter. MGO One Seven LLC now owns 12,956 shares of the company's stock valued at $982,000 after purchasing an additional 3,448 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Dollar General during the fourth quarter worth $398,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DG shares. Citigroup upgraded Dollar General from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $69.00 to $101.00 in a research report on Monday, April 7th. Gordon Haskett cut Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday, April 9th. Piper Sandler increased their price objective on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley cut their price objective on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $94.75.

Dollar General Price Performance

Shares of NYSE:DG traded down $0.31 during trading on Friday, reaching $90.24. 3,769,986 shares of the company traded hands, compared to its average volume of 3,957,668. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $147.87. The firm has a market capitalization of $19.85 billion, a PE ratio of 14.87, a PEG ratio of 2.18 and a beta of 0.27. The company's 50 day moving average is $85.77 and its two-hundred day moving average is $79.22.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.83 EPS. As a group, sell-side analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid 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 dividend yield of 2.62%. Dollar General's payout ratio is presently 46.18%.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.

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.