ICW Investment Advisors LLC Trims Stock Holdings in Dollar General Co. (NYSE:DG)

ICW Investment Advisors LLC decreased its holdings in Dollar General Co. (NYSE:DG) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,165 shares of the company’s stock after selling 506 shares during the period. ICW Investment Advisors LLC’s holdings in Dollar General were worth $240,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DG. IMG Wealth Management Inc. purchased a new position in shares of Dollar General in the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General in the third quarter valued at approximately $33,000. Providence First Trust Co bought a new position in shares of Dollar General in the fourth quarter valued at approximately $33,000. Bogart Wealth LLC boosted its position in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Dollar General in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of a number of analyst reports. Morgan Stanley cut their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Truist Financial cut their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. The Goldman Sachs Group cut their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets lifted their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 price objective (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.26.

Dollar General Stock Performance

Shares of Dollar General stock opened at $83.84 on Monday. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 2.18 and a beta of 0.44. The firm’s 50-day moving average is $74.58 and its 200 day moving average is $77.70. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. Sell-side analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.82%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio is currently 46.18%.

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.