Royal London Asset Management Ltd. Sells 1,163,300 Shares of Dollar General Co. (NYSE:DG)

Royal London Asset Management Ltd. trimmed its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 69.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 499,844 shares of the company's stock after selling 1,163,300 shares during the period. Royal London Asset Management Ltd. owned approximately 0.23% of Dollar General worth $37,898,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. IMG Wealth Management Inc. acquired a new position in Dollar General during the 4th quarter valued at about $25,000. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the third quarter valued at approximately $33,000. Providence First Trust Co bought a new position in Dollar General in the fourth quarter valued at approximately $33,000. Bogart Wealth LLC grew its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Dollar General during the 4th quarter valued at $37,000. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DG shares. Barclays dropped their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, January 9th. The Goldman Sachs Group decreased their price objective on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Piper Sandler lifted their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. BMO Capital Markets upped their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a research report on Friday, December 6th. Finally, Truist Financial reduced 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 equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $92.26.

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Insider Activity at Dollar General

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

Dollar General Stock Down 0.6 %

NYSE DG traded down $0.54 during trading hours on Tuesday, hitting $82.62. 3,893,767 shares of the company traded hands, compared to its average volume of 3,541,205. The stock has a market capitalization of $18.17 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12. The business's 50-day moving average is $74.82 and its 200-day moving average is $77.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS 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 company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the prior year, the firm posted $1.83 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.86%. Dollar General's payout ratio is 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.