Cerity Partners LLC Has $2.77 Million Holdings in Dollar General Co. (NYSE:DG)

Cerity Partners LLC increased its position in Dollar General Co. (NYSE:DG - Free Report) by 13.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,403 shares of the company's stock after purchasing an additional 4,192 shares during the period. Cerity Partners LLC's holdings in Dollar General were worth $2,772,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DG. Federated Hermes Inc. boosted its stake in Dollar General by 9.8% in the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock valued at $164,000 after acquiring an additional 192 shares during the period. Aster Capital Management DIFC Ltd lifted its stake in Dollar General by 1,482.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 14,288 shares of the company's stock valued at $1,083,000 after buying an additional 13,385 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Dollar General by 151.3% during the fourth 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. Envestnet Asset Management Inc. boosted its stake in Dollar General by 157.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 755,715 shares of the company's stock valued at $57,298,000 after purchasing an additional 461,900 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Dollar General by 155.2% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 166,444 shares of the company's stock valued at $12,620,000 after purchasing an additional 101,218 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

DG has been the topic of a number of research analyst reports. Barclays lowered their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 9th. The Goldman Sachs Group reduced their price target on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Gordon Haskett lowered shares of Dollar General from a "hold" rating to a "reduce" rating in a research note on Wednesday, April 9th. Bank of America decreased their price target 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. Finally, Truist Financial lifted their target price on Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $94.75.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value 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 $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.49% of the company's stock.

Dollar General Price Performance

NYSE:DG traded up $3.79 during mid-day trading on Friday, hitting $93.15. The company's stock had a trading volume of 4,170,050 shares, compared to its average volume of 3,872,915. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average of $82.11 and a 200-day moving average of $78.47. The company has a market capitalization of $20.49 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 2.18 and a beta of 0.40. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.87.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter last year, the company earned $1.83 EPS. Dollar General's revenue was up 4.5% on a year-over-year basis. As a group, equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal 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 issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.53%. The ex-dividend date is Tuesday, April 8th. Dollar General's dividend 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.