Octavia Wealth Advisors LLC lessened its holdings in Dollar General Co. (NYSE:DG – Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,822 shares of the company’s stock after selling 87 shares during the period. Octavia Wealth Advisors LLC’s holdings in Dollar General were worth $384,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Comerica Bank purchased a new stake in shares of Dollar General during the 3rd quarter worth $12,047,000. Prime Capital Investment Advisors LLC lifted its position in shares of Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after purchasing an additional 14,127 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Dollar General during the 4th quarter worth $18,861,000. Professional Advisory Services Inc. lifted its position in shares of Dollar General by 12.6% during the 4th quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock worth $20,523,000 after purchasing an additional 16,899 shares during the last quarter. Finally, Live Oak Private Wealth LLC purchased a new stake in shares of Dollar General during the 3rd quarter worth $1,374,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.
Dollar General Stock Up 0.2 %
Shares of NYSE DG opened at $144.93 on Wednesday. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99. The company has a market capitalization of $31.84 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The firm’s 50-day moving average is $149.05 and its two-hundred day moving average is $133.71.
Dollar General Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.63%. Dollar General’s dividend payout ratio (DPR) is presently 31.22%.
Insider Activity
In other Dollar General news, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently commented on DG. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $124.00 to $154.00 in a research note on Thursday, January 4th. Truist Financial lifted their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Piper Sandler reiterated a “neutral” rating and set a $147.00 price target (up from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Raymond James lifted their price target on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Wells Fargo & Company lifted their price target on shares of Dollar General from $125.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $153.08.
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.
Read More
- Five stocks we like better than Dollar General
- Which Wall Street Analysts are the Most Accurate?
- Prologis Stock Leading U.S. Logistics Boom
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- Johnson & Johnson’s Q1 Checkup: Mixed Results, Optimism Remains
- The How And Why of Investing in Oil Stocks
- Are We in a Bull Market? 4 Factors that Determine a Bull Market
Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.