Wealth Alliance Cuts Stake in Dollar General Co. (NYSE:DG)

Wealth Alliance lessened its position in shares of Dollar General Co. (NYSE:DG) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,984 shares of the company’s stock after selling 114 shares during the quarter. Wealth Alliance’s holdings in Dollar General were worth $406,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank purchased a new position in Dollar General during the 3rd quarter valued at approximately $12,047,000. Prime Capital Investment Advisors LLC boosted its holdings in shares of Dollar General by 294.5% in 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 period. International Assets Investment Management LLC purchased a new position in shares of Dollar General in the 4th quarter worth approximately $18,861,000. Professional Advisory Services Inc. boosted its holdings in shares of Dollar General by 12.6% in 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 period. Finally, Live Oak Private Wealth LLC purchased a new position in shares of Dollar General in the 3rd quarter worth approximately $1,374,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DG shares. BMO Capital Markets lifted their target price on Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Truist Financial lifted their target price on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, March 15th. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Raymond James raised their price target on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Morgan Stanley raised their price target on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $153.08.

Dollar General Stock Performance

Shares of DG stock opened at $144.47 on Thursday. The stock has a market cap of $31.74 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. The business has a 50-day simple moving average of $149.24 and a 200-day simple moving average of $133.78. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $222.99.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be given a $0.59 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.63%. Dollar General’s payout ratio is 31.22%.

Insider Buying and Selling

In other news, Director Ralph Santana sold 3,009 shares of the firm’s 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 transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Ralph Santana sold 3,009 shares of the firm’s 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 transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $958,617.07. Following the completion of the sale, 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. 0.49% of the stock is currently owned by company insiders.

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.