Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 3,600 Shares of Dollar General Co. (NYSE:DG)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Dollar General Co. (NYSE:DG) by 12.3% in the 4th quarter, HoldingsChannel reports. The firm owned 32,834 shares of the company’s stock after buying an additional 3,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Dollar General were worth $2,489,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General in the 3rd quarter valued at about $33,000. Bogart Wealth LLC increased its position in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares in the last quarter. Venturi Wealth Management LLC increased its position in Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after acquiring an additional 278 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Dollar General in the 4th quarter valued at about $39,000. Finally, Kentucky Trust Co acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $48,000. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

NYSE DG opened at $74.15 on Thursday. 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’s fifty day moving average price is $73.35 and its two-hundred day moving average price is $81.82. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07. The firm has a market capitalization of $16.31 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.18%. Dollar General’s dividend payout ratio is currently 38.88%.

Insider Buying and Selling at Dollar General

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

Analyst Ratings Changes

Several brokerages have recently commented on DG. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Friday, December 6th. Wells Fargo & Company lowered 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 research report on Thursday, December 5th. Truist Financial lowered their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays lowered their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $96.77.

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.