Hixon Zuercher LLC Has $779,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Hixon Zuercher LLC reduced its position in shares of Dollar General Co. (NYSE:DG) by 7.5% in the 4th quarter, Holdings Channel reports. The firm owned 10,277 shares of the company’s stock after selling 837 shares during the period. Hixon Zuercher LLC’s holdings in Dollar General were worth $779,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Mediolanum International Funds Ltd lifted its position in shares of Dollar General by 698.0% during the 4th quarter. Mediolanum International Funds Ltd now owns 259,271 shares of the company’s stock worth $19,576,000 after buying an additional 226,779 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of Dollar General by 533.6% in the fourth quarter. OLD National Bancorp IN now owns 64,990 shares of the company’s stock worth $4,928,000 after acquiring an additional 54,732 shares during the last quarter. Sentry LLC boosted its stake in shares of Dollar General by 10.3% in the 4th quarter. Sentry LLC now owns 6,097 shares of the company’s stock valued at $462,000 after purchasing an additional 567 shares in the last quarter. Swedbank AB grew its holdings in shares of Dollar General by 45.1% during the 4th quarter. Swedbank AB now owns 162,395 shares of the company’s stock valued at $12,313,000 after purchasing an additional 50,450 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Dollar General by 24.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 26,465 shares of the company’s stock valued at $2,007,000 after purchasing an additional 5,170 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Stock Performance

Shares of Dollar General stock opened at $72.21 on Friday. The business has a 50-day simple moving average of $74.82 and a 200 day simple moving average of $88.39. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 2.14 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DG shares. Truist Financial cut their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Telsey Advisory Group reduced their price objective on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. Sanford C. Bernstein started coverage on Dollar General in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 target price for the company. HSBC cut their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Finally, Bernstein Bank dropped their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $96.77.

Dollar General 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.