Massachusetts Financial Services Co. MA Acquires Shares of 7,990 Dollar General Co. (NYSE:DG)

Massachusetts Financial Services Co. MA purchased a new stake in Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,990 shares of the company's stock, valued at approximately $606,000.

Other hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in shares of Dollar General in the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the 3rd quarter valued at $33,000. Providence First Trust Co bought a new position in Dollar General in the 4th quarter worth $33,000. Bogart Wealth LLC lifted its position in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Dollar General in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Price Performance

Shares of NYSE:DG traded down $0.91 during midday trading on Tuesday, reaching $89.41. The company's stock had a trading volume of 712,470 shares, compared to its average volume of 3,834,215. The business's fifty day simple moving average is $80.69 and its 200-day simple moving average is $78.21. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $150.40. The company has a market capitalization of $19.66 billion, a P/E ratio of 14.72, a P/E/G ratio of 2.18 and a beta of 0.40.

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

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.64%. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

Insider Activity

In related news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DG shares. Bank of America decreased their target price on 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 increased their price objective on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. UBS Group dropped their target price on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Morgan Stanley reduced their price target on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Finally, Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $94.75.

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.