CIBC Asset Management Inc Sells 410 Shares of Dollar General Co. (NYSE:DG)

CIBC Asset Management Inc lowered its position in Dollar General Co. (NYSE:DG) by 1.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 33,668 shares of the company’s stock after selling 410 shares during the period. CIBC Asset Management Inc’s holdings in Dollar General were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of DG. Metis Global Partners LLC boosted its stake in Dollar General by 2.0% during the third quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after buying an additional 135 shares in the last quarter. Empirical Finance LLC boosted its position in shares of Dollar General by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after acquiring an additional 153 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in Dollar General by 20.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after acquiring an additional 161 shares during the period. Peoples Bank KS raised its position in Dollar General by 19.1% in the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock worth $109,000 after purchasing an additional 230 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Dollar General by 1.5% during the third quarter. Van ECK Associates Corp now owns 22,353 shares of the company’s stock worth $1,811,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Bernstein Bank cut their price objective on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Wells Fargo & Company dropped their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Telsey Advisory Group reduced their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. Finally, Evercore ISI decreased their price objective on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $96.77.

Dollar General Price Performance

Shares of DG stock opened at $76.68 on Friday. The firm’s 50 day moving average price is $73.26 and its two-hundred day moving average price is $82.95. The stock has a market cap of $16.86 billion, a PE ratio of 12.63, a PEG ratio of 2.17 and a beta of 0.43. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.