Steward Partners Investment Advisory LLC Trims Stock Position in Dollar General Co. (NYSE:DG)

Steward Partners Investment Advisory LLC cut its stake in shares of Dollar General Co. (NYSE:DG) by 29.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,993 shares of the company’s stock after selling 1,266 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Dollar General were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Dollar General during the third quarter valued at approximately $33,000. Providence First Trust Co bought a new stake in Dollar General during the fourth quarter valued at approximately $33,000. Bogart Wealth LLC lifted its position in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Dollar General by 126.4% during 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 during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Dollar General in the 4th quarter worth approximately $39,000. 91.77% of the stock is currently owned by institutional investors.

Insider Transactions at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the 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 sale, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Gordon Haskett lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Jefferies Financial Group lowered their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, November 15th. Truist Financial lowered 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Finally, Citigroup lowered their price objective 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. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $92.26.

Dollar General Stock Down 1.0 %

NYSE:DG opened at $79.15 on Friday. The firm’s 50-day moving average price is $73.69 and its 200-day moving average price is $78.39. The company has a market capitalization of $17.41 billion, a PE ratio of 13.04, a P/E/G 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 1-year low of $66.43 and a 1-year high of $164.12.

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

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 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.