Capital International Investors Reduces Stock Position in Dollar General Co. (NYSE:DG)

Capital International Investors cut its holdings in Dollar General Co. (NYSE:DG - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,321,342 shares of the company's stock after selling 5,501,270 shares during the quarter. Capital International Investors owned about 4.24% of Dollar General worth $706,744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DG. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the 4th quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in Dollar General in the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new position in Dollar General in the third quarter valued at approximately $33,000. Providence First Trust Co bought a new stake in Dollar General during the fourth quarter worth $33,000. Finally, Bogart Wealth LLC lifted its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Down 2.3 %

Shares of DG traded down $2.21 on Thursday, reaching $93.22. The company's stock had a trading volume of 1,726,066 shares, compared to its average volume of 3,892,873. The stock has a market capitalization of $20.50 billion, a PE ratio of 15.35, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $147.87. The firm has a fifty day moving average of $83.49 and a 200-day moving average of $78.75. 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 issued its quarterly earnings data 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. 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 for the quarter, compared to analysts' expectations of $10.26 billion. During the same period last year, the business earned $1.83 EPS. The business's revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Tuesday, April 8th. Dollar General's payout ratio is 46.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Piper Sandler upped their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, March 14th. The Goldman Sachs Group dropped their price target on 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 downgraded Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. Melius raised shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Tuesday, April 8th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $94.75.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is 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.