Dollar General Co. (NYSE:DG) Shares Sold by Capital Group Private Client Services Inc.

by · The Cerbat Gem

Capital Group Private Client Services Inc. decreased its position in Dollar General Co. (NYSE:DG – Free Report) by 97.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,977 shares of the company’s stock after selling 216,666 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Dollar General were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Dollar General by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company’s stock worth $1,913,036,000 after purchasing an additional 160,853 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after buying an additional 1,528,450 shares during the period. Geode Capital Management LLC grew its position in shares of Dollar General by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock valued at $405,425,000 after buying an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Dollar General during the fourth quarter worth about $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its holdings in Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after acquiring an additional 3,994,070 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America lowered their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. Morgan Stanley cut their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Citigroup raised shares of Dollar General from a “sell” rating to a “neutral” rating and boosted their price target for the company from $69.00 to $101.00 in a report on Monday, April 7th. Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. Finally, Gordon Haskett lowered shares of Dollar General from a “hold” rating to a “reduce” rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $94.75.

Get Our Latest Research Report on DG

Dollar General Stock Performance

Shares of DG opened at $93.15 on Friday. Dollar General Co. has a one year low of $66.43 and a one year high of $147.87. The company has a 50-day moving average of $82.11 and a two-hundred day moving average of $78.45. 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 stock has a market cap of $20.49 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG – Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the business earned $1.83 EPS. The company’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is 46.18%.

About Dollar General

(Free Report)

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.

Further Reading

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