IFP Advisors Inc Purchases 1,359 Shares of Dollar General Co. (NYSE:DG)

IFP Advisors Inc boosted its position in shares of Dollar General Co. (NYSE:DG) by 32.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,538 shares of the company’s stock after buying an additional 1,359 shares during the quarter. IFP Advisors Inc’s holdings in Dollar General were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Metis Global Partners LLC raised its holdings in Dollar General by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after purchasing an additional 135 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Dollar General by 8.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after purchasing an additional 150 shares in the last quarter. Empirical Finance LLC raised its holdings in Dollar General by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock worth $657,000 after purchasing an additional 153 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in Dollar General by 20.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock worth $72,000 after purchasing an additional 161 shares in the last quarter. Finally, Peoples Bank KS raised its holdings in Dollar General by 19.1% in the 4th 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. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several brokerages have commented on DG. Truist Financial decreased their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Friday, December 6th. Morgan Stanley decreased their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Evercore ISI decreased their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Dollar General has an average rating of “Hold” and an average price target of $96.77.

Dollar General Stock Performance

Shares of NYSE DG opened at $74.25 on Friday. The firm’s 50-day moving average price is $73.31 and its 200-day moving average price is $81.22. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $16.33 billion, a PE ratio of 12.23, a PEG ratio of 2.18 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.

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

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

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.