CIBC Private Wealth Group LLC Cuts Stake in Dollar General Co. (NYSE:DG)

CIBC Private Wealth Group LLC lessened its stake in Dollar General Co. (NYSE:DG - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,899 shares of the company's stock after selling 3,320 shares during the period. CIBC Private Wealth Group LLC's holdings in Dollar General were worth $781,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. IMG Wealth Management Inc. bought a new position in Dollar General during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dollar General in the 3rd quarter valued at $33,000. Providence First Trust Co bought a new position in shares of Dollar General during the 4th quarter valued at $33,000. Bogart Wealth LLC raised its position in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Dollar General in the fourth quarter worth $37,000. Institutional investors own 91.77% of the company's stock.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction dated Friday, April 4th. The stock was 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 directly owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.49% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

DG has been the subject of a number of recent research reports. Piper Sandler boosted their target price on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, March 14th. Telsey Advisory Group restated a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. Truist Financial boosted their price objective on shares of Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a research report on Tuesday. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Finally, UBS Group lowered their price target on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. One research 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $94.75.

Dollar General Stock Down 1.6 %

NYSE:DG traded down $1.43 on Wednesday, reaching $86.27. 9,402,654 shares of the stock traded hands, compared to its average volume of 3,815,162. The company's fifty day simple moving average is $79.68 and its 200 day simple moving average is $78.20. The company has a market capitalization of $18.97 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $156.25. 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 released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 EPS. Equities analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.74%. Dollar General's payout ratio is 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.