Allianz SE Invests $507,000 in Dollar General Co. (NYSE:DG)

Allianz SE acquired a new position in Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,703 shares of the company's stock, valued at approximately $507,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DG. First Eagle Investment Management LLC bought a new position in Dollar General during the 4th quarter valued at approximately $399,433,000. ACR Alpine Capital Research LLC grew its stake in shares of 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. Norges Bank bought a new position in shares of Dollar General during the fourth quarter valued at $140,421,000. Pzena Investment Management LLC raised its position 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 worth $892,199,000 after purchasing an additional 1,528,450 shares during the last quarter. Finally, State Street Corp boosted its stake in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company's stock worth $842,208,000 after purchasing an additional 759,869 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Trading Up 3.0 %

Shares of NYSE DG traded up $2.59 during midday trading on Wednesday, hitting $90.19. The company's stock had a trading volume of 4,948,616 shares, compared to its average volume of 3,676,417. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $164.12. The firm has a market cap of $19.84 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The business's 50 day moving average is $76.83 and its two-hundred day moving average is $77.88. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

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Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $10.26 billion. During the same period last year, the business earned $1.83 EPS. The company's 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 year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.62%. Dollar General's dividend payout ratio is presently 46.18%.

Analysts Set New Price Targets

DG has been the topic of several analyst reports. Bank of America dropped their target price on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Telsey Advisory Group restated a "market perform" rating and set a $85.00 price target on shares of Dollar General in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. BMO Capital Markets boosted their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Finally, Truist Financial decreased their price target on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $92.26.

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.