Dollar General Co. (NYSE:DG) Shares Purchased by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC boosted its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 120.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,878 shares of the company's stock after buying an additional 3,210 shares during the period. United Capital Financial Advisors LLC's holdings in Dollar General were worth $446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DG. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the third quarter valued at about $33,000. Providence First Trust Co acquired a new position in shares of Dollar General in the 4th quarter worth approximately $33,000. Bogart Wealth LLC boosted its position in shares of 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 purchasing an additional 361 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Dollar General in the 4th quarter valued at approximately $37,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DG. Bank of America dropped their price objective on Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Truist Financial increased their price target on shares of Dollar General from $76.00 to $93.00 and gave the stock a "hold" rating in a research report on Tuesday, April 8th. Gordon Haskett cut shares of Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Finally, Morgan Stanley cut their price objective on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Dollar General has a consensus rating of "Hold" and an average price target of $94.75.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares in the company, 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 filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Performance

DG stock traded down $0.14 during trading on Friday, hitting $93.67. The company had a trading volume of 2,099,229 shares, compared to its average volume of 3,907,051. The firm has a 50-day moving average price of $83.91 and a 200-day moving average price of $78.82. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $20.60 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.87.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. The firm 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%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $1.83 earnings per share. On average, analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's dividend payout ratio is presently 46.18%.

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.