Bank of Montreal Can Cuts Position in Dollar General Co. (NYSE:DG)

Bank of Montreal Can cut its stake in Dollar General Co. (NYSE:DG - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 275,652 shares of the company's stock after selling 170,305 shares during the quarter. Bank of Montreal Can owned about 0.13% of Dollar General worth $20,900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Polymer Capital Management US LLC bought a new position in Dollar General in the 4th quarter valued at $630,000. Cerity Partners LLC boosted its stake in Dollar General by 13.4% during the fourth quarter. Cerity Partners LLC now owns 35,403 shares of the company's stock valued at $2,772,000 after buying an additional 4,192 shares during the period. Federated Hermes Inc. grew its position in Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after buying an additional 192 shares in the last quarter. Aster Capital Management DIFC Ltd increased its stake in Dollar General by 1,482.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 14,288 shares of the company's stock worth $1,083,000 after acquiring an additional 13,385 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Dollar General by 151.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,312,530 shares of the company's stock worth $99,516,000 after acquiring an additional 790,284 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The shares were 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. The trade was a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.49% of the company's stock.

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Analysts Set New Price Targets

DG has been the subject of several recent analyst reports. Bank of America cut their price objective on Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, March 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price target (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. The Goldman Sachs Group cut their target price on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Truist Financial increased their price target on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research note on Tuesday, April 8th. Finally, Barclays cut their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $94.75.

Dollar General Stock Performance

DG traded down $1.84 during mid-day trading on Tuesday, reaching $88.47. 2,828,703 shares of the company traded hands, compared to its average volume of 3,842,296. The stock has a market capitalization of $19.46 billion, a P/E ratio of 14.58, a P/E/G ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $150.40. 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's fifty day moving average price is $80.69 and its 200-day moving average price is $78.21.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's payout ratio is currently 46.18%.

Dollar General 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.