DAVENPORT & Co LLC Has $24.39 Million Stock Position in Dollar General Co. (NYSE:DG)

DAVENPORT & Co LLC raised its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 5,624.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 321,623 shares of the company's stock after buying an additional 316,005 shares during the period. DAVENPORT & Co LLC owned approximately 0.15% of Dollar General worth $24,385,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pzena Investment Management LLC boosted its holdings in shares of Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock worth $865,903,000 after buying an additional 8,388,735 shares during the period. Baupost Group LLC MA acquired a new position in Dollar General in the 3rd quarter worth approximately $194,832,000. State Street Corp raised its stake in Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company's stock valued at $842,208,000 after purchasing an additional 759,869 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in shares of Dollar General in the third quarter valued at $32,932,000. Finally, Equity Investment Corp grew its stake in Dollar General by 60.8% during the 3rd quarter. Equity Investment Corp now owns 951,329 shares of the company's stock valued at $80,454,000 after acquiring an additional 359,757 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

Shares of Dollar General stock traded up $1.03 during trading on Wednesday, reaching $72.83. The company's stock had a trading volume of 2,973,598 shares, compared to its average volume of 3,518,032. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The stock has a 50-day moving average price of $74.55 and a two-hundred day moving average price of $86.65. 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 market capitalization of $16.02 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.43.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results 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 return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. Dollar General's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General's dividend payout ratio is presently 38.88%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Evercore ISI dropped their price objective on Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a report on Tuesday, December 3rd. Bernstein Bank cut their price target on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Gordon Haskett cut shares of Dollar General from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Barclays lowered their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 9th. Finally, Truist Financial decreased their target price on Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a research report on Friday, December 6th. One 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $96.77.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares of the company's stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

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.