Dollar General Co. (NYSE:DG) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 35.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,823 shares of the company's stock after selling 41,273 shares during the quarter. Wedge Capital Management L L P NC's holdings in Dollar General were worth $5,597,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC raised its stake in shares of Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock valued at $865,903,000 after acquiring an additional 8,388,735 shares in the last quarter. Baupost Group LLC MA purchased a new stake in Dollar General during the 3rd quarter worth about $194,832,000. Point72 Asset Management L.P. raised its position in Dollar General by 148.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company's stock valued at $169,257,000 after purchasing an additional 765,206 shares in the last quarter. State Street Corp boosted its stake in shares of Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company's stock valued at $842,208,000 after buying an additional 759,869 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company's stock worth $122,324,000 after acquiring an additional 704,639 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DG. BMO Capital Markets increased their price objective on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Evercore ISI decreased their target price on shares of Dollar General from $97.00 to $95.00 and set an "in-line" rating for the company in a research note on Tuesday, December 3rd. Jefferies Financial Group cut their price target on Dollar General from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Citigroup cut shares of Dollar General from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $91.00 to $73.00 in a research note on Friday, September 27th. Finally, Truist Financial dropped their price objective 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 research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $98.18.

Dollar General Trading Down 1.2 %

NYSE DG traded down $0.82 during mid-day trading on Friday, reaching $68.44. 3,380,183 shares of the stock were exchanged, compared to its average volume of 3,174,597. The business's fifty day simple moving average is $75.53 and its 200 day simple moving average is $91.59. 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 stock has a market capitalization of $15.05 billion, a PE ratio of 11.28, a PEG ratio of 2.12 and a beta of 0.44. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the prior year, the firm earned $1.26 EPS. Dollar General's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.45%. Dollar General's dividend payout ratio is presently 38.88%.

Insider Activity at Dollar General

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

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.