Farther Finance Advisors LLC Lowers Stock Position in Dollar General Co. (NYSE:DG)

Farther Finance Advisors LLC trimmed its stake in shares of Dollar General Co. (NYSE:DG) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,211 shares of the company’s stock after selling 375 shares during the period. Farther Finance Advisors LLC’s holdings in Dollar General were worth $168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its position in shares of Dollar General by 105.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,459 shares of the company’s stock valued at $414,000 after acquiring an additional 2,808 shares during the period. HighTower Advisors LLC lifted its position in shares of Dollar General by 73.2% during the 4th quarter. HighTower Advisors LLC now owns 45,149 shares of the company’s stock valued at $3,423,000 after acquiring an additional 19,077 shares during the period. AGF Management Ltd. lifted its position in shares of Dollar General by 4.8% during the 4th quarter. AGF Management Ltd. now owns 76,872 shares of the company’s stock valued at $5,828,000 after acquiring an additional 3,499 shares during the period. Inspire Advisors LLC lifted its position in shares of Dollar General by 28.5% during the 4th quarter. Inspire Advisors LLC now owns 3,947 shares of the company’s stock valued at $299,000 after acquiring an additional 876 shares during the period. Finally, Markel Group Inc. lifted its position in shares of Dollar General by 12.6% during the 4th quarter. Markel Group Inc. now owns 835,750 shares of the company’s stock valued at $63,367,000 after acquiring an additional 93,500 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on DG. Barclays cut their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. UBS Group cut their price objective on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Truist Financial cut their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Morgan Stanley cut their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Finally, Bank of America cut their price objective on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $92.26.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

Dollar General Stock Up 1.2 %

Shares of NYSE DG opened at $82.38 on Thursday. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $164.12. The firm has a fifty day moving average of $74.13 and a 200-day moving average of $77.73. The stock has a market capitalization of $18.12 billion, a PE ratio of 13.57, a P/E/G ratio of 2.18 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the company earned $1.83 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.86%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

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.