BI Asset Management Fondsmaeglerselskab A S Sells 158 Shares of Dollar General Co. (NYSE:DG)

BI Asset Management Fondsmaeglerselskab A S cut its holdings in Dollar General Co. (NYSE:DG) by 2.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,221 shares of the company’s stock after selling 158 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dollar General were worth $815,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter valued at $25,000. Burkett Financial Services LLC purchased a new position in shares of Dollar General during the 4th quarter worth $26,000. Fortis Group Advisors LLC increased its stake in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. MV Capital Management Inc. increased its stake in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares in the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in Dollar General during the fourth quarter valued at $33,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Trading Down 1.3 %

DG stock traded down $1.66 during mid-day trading on Wednesday, reaching $126.88. 525,363 shares of the stock traded hands, compared to its average volume of 2,435,593. Dollar General Co. has a one year low of $101.09 and a one year high of $173.47. The stock has a market capitalization of $27.90 billion, a PE ratio of 18.71, a PEG ratio of 2.56 and a beta of 0.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The business has a 50-day moving average price of $133.85 and a two-hundred day moving average price of $139.99.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The firm had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. Dollar General’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $2.34 EPS. Equities research analysts expect that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.86%. Dollar General’s dividend payout ratio is currently 34.35%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DG shares. Truist Financial lowered their price objective on Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research report on Friday, May 31st. Evercore ISI dropped their price target on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Telsey Advisory Group restated an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Thursday, May 30th. Piper Sandler dropped their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Finally, Loop Capital raised their price target on Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a report on Friday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $148.09.

Insider Transactions at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.