Prudential Financial Inc. Sells 16,695 Shares of Dollar General Co. (NYSE:DG)

Prudential Financial Inc. decreased its position in Dollar General Co. (NYSE:DG - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 125,160 shares of the company's stock after selling 16,695 shares during the period. Prudential Financial Inc. owned about 0.06% of Dollar General worth $9,490,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC increased its position in shares of Dollar General by 36.3% in the third quarter. Cerity Partners LLC now owns 31,211 shares of the company's stock valued at $2,640,000 after acquiring an additional 8,310 shares during the last quarter. D.A. Davidson & CO. grew its stake in Dollar General by 112.9% in the third quarter. D.A. Davidson & CO. now owns 5,394 shares of the company's stock valued at $456,000 after purchasing an additional 2,861 shares in the last quarter. CreativeOne Wealth LLC increased its position in shares of Dollar General by 15.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 6,015 shares of the company's stock worth $509,000 after purchasing an additional 789 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Dollar General by 14.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company's stock worth $812,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Verition Fund Management LLC boosted its holdings in shares of Dollar General by 387.7% in the 3rd quarter. Verition Fund Management LLC now owns 32,912 shares of the company's stock valued at $2,783,000 after buying an additional 26,164 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DG. UBS Group dropped their price target on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. BMO Capital Markets upped their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Barclays dropped their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note 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 on the stock in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $92.26.

Dollar General Price Performance

Dollar General stock traded up $2.24 during mid-day trading on Wednesday, reaching $89.84. 2,906,746 shares of the company were exchanged, compared to its average volume of 3,668,629. The company has a fifty day simple moving average of $76.83 and a 200-day simple moving average of $77.88. The firm has a market cap of $19.76 billion, a PE ratio of 14.80, a PEG 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 12 month low of $66.43 and a 12 month high of $164.12.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 earnings per share. As a group, equities research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.63%. Dollar General's dividend payout ratio is currently 46.18%.

Dollar General Company 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.