Walled Lake Planning & Wealth Management LLC Cuts Holdings in Dollar General Co. (NYSE:DG)

Walled Lake Planning & Wealth Management LLC reduced its position in Dollar General Co. (NYSE:DG) by 70.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,693 shares of the company’s stock after selling 25,870 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in Dollar General were worth $811,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. IMG Wealth Management Inc. bought a new stake in shares of Dollar General in the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new stake in Dollar General during the third quarter worth approximately $33,000. Providence First Trust Co purchased a new stake in Dollar General during the fourth quarter valued at approximately $33,000. Bogart Wealth LLC lifted its stake in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Dollar General in the 4th quarter worth approximately $37,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DG shares. Evercore ISI decreased their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Piper Sandler increased their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Gordon Haskett cut Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Truist Financial reduced their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $85.00 price target on shares of Dollar General in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $92.26.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.

Dollar General Trading Down 1.7 %

Dollar General stock opened at $86.03 on Friday. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12. The stock has a market cap of $18.92 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a 50-day moving average of $76.12 and a two-hundred day moving average of $77.85.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS. On average, research analysts anticipate that Dollar General Co. will post 5.75 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 22nd. Investors of record on Tuesday, April 8th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.74%. Dollar General’s dividend payout ratio is currently 46.18%.

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.