Walled Lake Planning & Wealth Management LLC Has $811,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Walled Lake Planning & Wealth Management LLC lowered its stake in Dollar General Co. (NYSE:DG - Free Report) by 70.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,693 shares of the company's stock after selling 25,870 shares during the period. Walled Lake Planning & Wealth Management LLC's holdings in Dollar General were worth $811,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Dollar General in the 4th quarter valued at $57,000. Eagle Rock Investment Company LLC boosted its holdings in Dollar General by 16.3% during the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company's stock valued at $2,186,000 after acquiring an additional 4,048 shares during the period. Leibman Financial Services Inc. acquired a new stake in shares of Dollar General in the fourth quarter valued at about $2,018,000. DAVENPORT & Co LLC increased its stake in shares of Dollar General by 5,624.9% in the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company's stock worth $24,385,000 after purchasing an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY acquired a new position in shares of Dollar General during the 4th quarter worth about $6,158,000. Institutional investors own 91.77% of the company's stock.

Dollar General Price Performance

Shares of NYSE DG traded up $2.59 during mid-day trading on Wednesday, hitting $90.19. 4,915,918 shares of the stock were exchanged, compared to its average volume of 3,676,264. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12. The stock's fifty day simple moving average is $76.83 and its two-hundred day simple moving average is $77.88. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market cap of $19.84 billion, a P/E ratio of 14.86, a PEG ratio of 2.18 and a beta of 0.44.

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

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.62%. Dollar General's payout ratio is 46.18%.

Wall Street Analyst Weigh In

DG has been the topic of several recent analyst reports. Barclays dropped their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research report on Thursday, January 9th. Truist Financial dropped their target price on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a research report on Friday, December 6th. Wells Fargo & Company reduced their price target on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, December 5th. Telsey Advisory Group restated a "market perform" rating and set a $85.00 price objective on shares of Dollar General in a report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $92.26.

About Dollar General

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.