Octavia Wealth Advisors LLC Decreases Position in Dollar General Co. (NYSE:DG)

Octavia Wealth Advisors LLC lessened its holdings in Dollar General Co. (NYSE:DG) 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 (NYSE:DG) last posted its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.96 earnings per share. Equities analysts anticipate that Dollar General Co. will post 7.28 EPS for the current fiscal year.

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.