Cantor Fitzgerald Investment Advisors L.P. Purchases 12,863 Shares of Dollar General Co. (NYSE:DG)

Cantor Fitzgerald Investment Advisors L.P. boosted its stake in Dollar General Co. (NYSE:DG - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 83,657 shares of the company's stock after buying an additional 12,863 shares during the period. Cantor Fitzgerald Investment Advisors L.P.'s holdings in Dollar General were worth $6,343,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Czech National Bank grew its holdings in Dollar General by 7.0% in the third quarter. Czech National Bank now owns 44,794 shares of the company's stock worth $3,788,000 after purchasing an additional 2,934 shares during the period. Reinhart Partners LLC. increased its holdings in shares of Dollar General by 32.9% in the third quarter. Reinhart Partners LLC. now owns 85,597 shares of the company's stock worth $7,239,000 after purchasing an additional 21,188 shares during the period. Foundation Resource Management Inc. bought a new position in Dollar General in the third quarter valued at $8,247,000. Inspire Investing LLC increased its holdings in shares of Dollar General by 69.3% in the third quarter. Inspire Investing LLC now owns 3,376 shares of the company's stock worth $286,000 after buying an additional 1,382 shares during the period. Finally, City State Bank increased its holdings in Dollar General by 30.1% during the 3rd quarter. City State Bank now owns 1,730 shares of the company's stock valued at $146,000 after purchasing an additional 400 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the business's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Trading Down 0.4 %

DG stock traded down $0.30 during trading on Wednesday, hitting $73.83. The company had a trading volume of 2,309,370 shares, compared to its average volume of 3,401,487. The business has a 50-day moving average of $74.14 and a 200-day moving average of $85.02. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The stock has a market cap of $16.24 billion, a PE ratio of 12.16, a PEG ratio of 2.08 and a beta of 0.43. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $1.26 EPS. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.20%. Dollar General's dividend payout ratio is presently 38.88%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent research reports. Bank of America raised Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 target price on the stock in a research note on Friday, December 6th. Jefferies Financial Group dropped their price objective on shares of Dollar General from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Truist Financial lowered their target price on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a research note on Friday, December 6th. Barclays dropped their target price 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $96.77.

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.