Dollar General Co. (NYSE:DG) Shares Purchased by Channing Global Advisors LLC

Channing Global Advisors LLC increased its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 18.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,405 shares of the company's stock after purchasing an additional 7,975 shares during the quarter. Dollar General makes up approximately 2.5% of Channing Global Advisors LLC's investment portfolio, making the stock its 14th largest position. Channing Global Advisors LLC's holdings in Dollar General were worth $3,822,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General in the 3rd quarter valued at $33,000. Newbridge Financial Services Group Inc. purchased a new stake in Dollar General in the 4th quarter valued at $39,000. Kentucky Trust Co purchased a new stake in Dollar General in the 4th quarter valued at $48,000. ORG Wealth Partners LLC purchased a new stake in Dollar General in the 3rd quarter valued at $57,000. Finally, Studio Investment Management LLC grew its holdings in Dollar General by 200.4% in the 3rd quarter. Studio Investment Management LLC now owns 850 shares of the company's stock valued at $72,000 after buying an additional 567 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Down 0.4 %

DG stock traded down $0.27 during mid-day trading on Friday, reaching $72.57. The company had a trading volume of 2,809,082 shares, compared to its average volume of 3,254,984. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. The firm has a fifty day simple moving average of $73.71 and a 200 day simple moving average of $84.55. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 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 analysts' expectations of $10.14 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The company's revenue was up 5.0% compared to the same quarter last year. Analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.25%. Dollar General's dividend payout ratio is presently 38.88%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Bank of America upgraded Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 target price for the company in a report on Friday, December 6th. Jefferies Financial Group lowered their price target on Dollar General from $110.00 to $90.00 and set a "buy" rating for the company in a report on Friday, November 15th. Sanford C. Bernstein started coverage on Dollar General in a report on Tuesday, October 22nd. They set an "outperform" rating and a $98.00 price target for the company. Wells Fargo & Company lowered their price target on Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, December 5th. Finally, Truist Financial lowered their price target on Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $96.77.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General 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 completion of the transaction, the executive vice president now owns 15,575 shares in the company, valued at $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 company insiders.

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.