Dollar General Co. (NYSE:DG) Stock Position Decreased by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC cut its stake in shares of Dollar General Co. (NYSE:DG) by 96.6% during the fourth quarter, Holdings Channel reports. The firm owned 523 shares of the company’s stock after selling 14,683 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Dollar General were worth $40,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Deseret Mutual Benefit Administrators lifted its stake in Dollar General by 8.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock valued at $143,000 after buying an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake 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 during the period. Peoples Bank KS grew its position in Dollar General by 19.1% during 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. Metis Global Partners LLC lifted its holdings in shares of Dollar General by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company’s stock valued at $553,000 after purchasing an additional 255 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after purchasing an additional 278 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

DG has been the subject of several research analyst reports. Barclays reduced their price objective 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. Citigroup decreased their price target on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a report on Friday, March 7th. Evercore ISI cut their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Truist Financial lowered their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Finally, UBS Group cut their price objective on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $92.26.

Dollar General Stock Performance

Shares of DG opened at $82.62 on Wednesday. The company has a market capitalization of $18.17 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. 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 Co. has a one year low of $66.43 and a one year high of $164.12. The company’s fifty day moving average price is $75.08 and its 200 day moving average price is $77.72.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same period in the previous year, the company posted $1.83 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.86%. Dollar General’s payout ratio is 46.18%.

Dollar General 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.