Dollar General Co. (NYSE:DG) Shares Sold by 44 Wealth Management LLC

44 Wealth Management LLC reduced its position in Dollar General Co. (NYSE:DG - Free Report) by 31.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,768 shares of the company's stock after selling 3,526 shares during the period. 44 Wealth Management LLC's holdings in Dollar General were worth $589,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Eagle Rock Investment Company LLC boosted its holdings in shares of Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after buying an additional 4,048 shares in the last quarter. 1834 Investment Advisors Co. acquired a new stake in Dollar General in the 3rd quarter worth approximately $5,650,000. Leibman Financial Services Inc. acquired a new stake in Dollar General in the 4th quarter worth approximately $2,018,000. Victory Capital Management Inc. boosted its stake in Dollar General by 62.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company's stock worth $14,087,000 after purchasing an additional 64,336 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock worth $24,385,000 after purchasing an additional 316,005 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

Shares of NYSE DG traded up $0.55 during mid-day trading on Friday, reaching $76.68. The company's stock had a trading volume of 3,527,346 shares, compared to its average volume of 2,766,443. The stock has a 50-day moving average of $73.26 and a two-hundred day moving average of $82.67. The stock has a market capitalization of $16.86 billion, a P/E 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 1-year low of $66.43 and a 1-year high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. On average, equities research analysts anticipate 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 was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a $0.59 dividend. 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 38.88%.

Analysts Set New Price Targets

DG has been the subject of a number of recent analyst reports. Bernstein Bank lowered their target price on shares of Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. BMO Capital Markets upped their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. JPMorgan Chase & Co. dropped their price objective on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Gordon Haskett downgraded shares of Dollar General from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Finally, Telsey Advisory Group lowered their price target on shares of Dollar General from $103.00 to $90.00 and set a "market perform" rating on the stock in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Dollar General has an average rating of "Hold" and a consensus target price of $96.77.

Insider Activity

In related news, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now directly owns 15,575 shares of the company's stock, valued at $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

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.