Allianz Asset Management GmbH Boosts Stock Position in Dollar General Co. (NYSE:DG)

Allianz Asset Management GmbH lifted its position in Dollar General Co. (NYSE:DG) by 96.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 742,144 shares of the company’s stock after acquiring an additional 363,739 shares during the quarter. Allianz Asset Management GmbH’s holdings in Dollar General were worth $56,269,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Metis Global Partners LLC grew its position in shares of Dollar General by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after acquiring an additional 135 shares in the last quarter. Empirical Finance LLC boosted its position in Dollar General by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after purchasing an additional 153 shares during the period. Bruce G. Allen Investments LLC boosted its position in Dollar General by 20.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after purchasing an additional 161 shares during the period. Peoples Bank KS boosted its position in Dollar General by 19.1% during the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after purchasing an additional 230 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Transactions at Dollar General

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

Dollar General Stock Up 0.7 %

DG opened at $76.68 on Friday. The stock’s fifty day moving average is $73.26 and its 200-day moving average is $82.67. The company has a market capitalization of $16.86 billion, a PE ratio of 12.63, a P/E/G ratio of 2.18 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. On average, equities analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Analyst Ratings Changes

A number of research analysts recently issued reports on DG shares. The Goldman Sachs Group reduced their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Gordon Haskett lowered Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. BMO Capital Markets boosted their price objective on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Barclays reduced 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. Finally, Truist Financial reduced 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. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $96.77.

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.