Dollar General Co. (NYSE:DG) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. trimmed its stake in Dollar General Co. (NYSE:DG - Free Report) by 48.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,190 shares of the company's stock after selling 4,865 shares during the period. Tocqueville Asset Management L.P.'s holdings in Dollar General were worth $394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators lifted its position in Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock worth $143,000 after acquiring an additional 150 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in shares of Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock worth $72,000 after purchasing an additional 161 shares during the period. Peoples Bank KS grew its position in Dollar General by 19.1% in the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company's stock valued at $109,000 after buying an additional 230 shares during the last quarter. Metis Global Partners LLC increased its stake in Dollar General by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock valued at $553,000 after buying an additional 255 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after buying an additional 278 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the firm's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.49% of the company's stock.

Dollar General Trading Down 0.6 %

DG traded down $0.50 during midday trading on Monday, hitting $83.16. The company's stock had a trading volume of 4,697,945 shares, compared to its average volume of 3,543,253. The firm has a market cap of $18.29 billion, a P/E ratio of 13.70, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $164.12. 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 firm has a 50-day moving average price of $74.58 and a two-hundred day moving average price of $77.70.

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

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio is currently 46.18%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets raised their target price on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Gordon Haskett cut shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 28th. Piper Sandler lifted their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. UBS Group reduced their price objective on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Morgan Stanley lowered their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $92.26.

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.