Virtu Financial LLC Acquires New Holdings in Dollar General Co. (NYSE:DG)

Virtu Financial LLC bought a new position in shares of Dollar General Co. (NYSE:DG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,668 shares of the company's stock, valued at approximately $2,856,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of Dollar General during the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in Dollar General during the third quarter worth approximately $33,000. Providence First Trust Co acquired a new position in Dollar General during the fourth quarter worth approximately $33,000. Bogart Wealth LLC lifted its position in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after buying an additional 361 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after acquiring an additional 278 shares during the period. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

Shares of NYSE:DG traded down $0.47 during midday trading on Tuesday, hitting $82.69. The stock had a trading volume of 1,845,156 shares, compared to its average volume of 3,541,205. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $18.19 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The company's 50-day moving average price is $74.82 and its 200-day moving average price is $77.72. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12.

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Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $1.68 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 business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period in the previous year, the business earned $1.83 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.85%. The ex-dividend date is Tuesday, April 8th. Dollar General's payout ratio is 46.18%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DG shares. Evercore ISI cut their price target on Dollar General from $97.00 to $95.00 and set an "in-line" rating for the company in a report on Tuesday, December 3rd. Bank of America cut their target price on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. The Goldman Sachs Group cut their price objective on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. 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. According to data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and an average price target of $92.26.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.49% of the company's stock.

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.