Cincinnati Insurance Co. Sells 238,464 Shares of Dollar General Co. (NYSE:DG)

Cincinnati Insurance Co. decreased its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 38.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 386,567 shares of the company's stock after selling 238,464 shares during the quarter. Cincinnati Insurance Co. owned approximately 0.18% of Dollar General worth $29,310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the third quarter worth $33,000. Providence First Trust Co bought a new stake in shares of Dollar General in the fourth quarter valued at about $33,000. Bogart Wealth LLC grew its stake in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after acquiring an additional 361 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in Dollar General during the fourth quarter worth about $37,000. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays cut their price objective on shares of Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, January 9th. Truist Financial reduced their price target on Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a research report on Friday, December 6th. Morgan Stanley dropped their price objective on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Piper Sandler raised their price target on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Finally, BMO Capital Markets upped their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $92.26.

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Dollar General Trading Up 2.3 %

Shares of Dollar General stock traded up $1.95 during trading on Monday, hitting $88.05. The company's stock had a trading volume of 4,609,221 shares, compared to its average volume of 3,662,297. The stock has a market cap of $19.37 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12. The stock has a 50-day moving average price of $76.12 and a two-hundred day moving average price of $77.83.

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. The company had revenue of $10.30 billion during 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 business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 earnings per share. Equities research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio is currently 46.18%.

Insider Transactions at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

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.