South Dakota Investment Council Boosts Holdings in Dollar General Co. (NYSE:DG)

South Dakota Investment Council raised its holdings in Dollar General Co. (NYSE:DG - Free Report) by 19.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 276,654 shares of the company's stock after purchasing an additional 45,425 shares during the period. South Dakota Investment Council owned approximately 0.13% of Dollar General worth $20,976,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DG. Eagle Rock Investment Company LLC raised its position in shares of Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after buying an additional 4,048 shares in the last quarter. 1834 Investment Advisors Co. acquired a new position in Dollar General during the 3rd quarter worth approximately $5,650,000. Leibman Financial Services Inc. acquired a new position in Dollar General during the 4th quarter worth approximately $2,018,000. Victory Capital Management Inc. increased its position in Dollar General by 62.9% in the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company's stock valued at $14,087,000 after acquiring an additional 64,336 shares during the period. Finally, DAVENPORT & Co LLC increased its position in Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock valued at $24,385,000 after acquiring an additional 316,005 shares during the period. Institutional investors own 91.77% of the company's stock.

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred 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 sale, the director now owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

DG has been the topic of a number of analyst reports. 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 note on Friday, December 6th. Truist Financial reduced their price objective on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a research note on Friday, December 6th. Bernstein Bank reduced their price objective on shares of Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. HSBC reduced their price objective on shares of Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a research note on Friday, November 15th. Finally, Evercore ISI reduced their price objective on shares of Dollar General from $97.00 to $95.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Dollar General currently has an average rating of "Hold" and an average price target of $96.77.

Dollar General Stock Up 0.7 %

Shares of DG stock traded up $0.55 on Friday, hitting $76.68. The stock had a trading volume of 3,527,346 shares, compared to its average volume of 2,766,443. The business has a 50 day moving average of $73.26 and a 200 day moving average of $82.67. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43. 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 $168.07.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $10.14 billion. During the same quarter last year, the business posted $1.26 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. As a group, analysts expect that Dollar General Co. will post 5.75 EPS for the current 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 given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.08%. Dollar General's dividend payout ratio is presently 38.88%.

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.