Swiss National Bank Has $47.11 Million Stock Position in Dollar General Co. (NYSE:DG)

Swiss National Bank decreased its position in Dollar General Co. (NYSE:DG) by 4.8% in the 4th quarter, HoldingsChannel reports. The fund owned 621,300 shares of the company’s stock after selling 31,300 shares during the period. Swiss National Bank’s holdings in Dollar General were worth $47,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General in the 3rd quarter valued at approximately $33,000. Providence First Trust Co bought a new stake in shares of Dollar General in the 4th quarter valued at approximately $33,000. Bogart Wealth LLC grew its stake in shares of 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 purchasing an additional 361 shares during the period. Venturi Wealth Management LLC grew its stake in shares of 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 purchasing an additional 278 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Dollar General in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DG shares. Wells Fargo & Company lowered their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Piper Sandler increased their price target on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday. Gordon Haskett lowered Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Citigroup decreased their price target on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. Finally, Barclays decreased 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. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus price target of $92.26.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, 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 filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

Dollar General Stock Performance

DG stock opened at $79.15 on Monday. The business’s fifty day moving average is $73.69 and its 200-day moving average is $77.74. 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 company has a market cap of $17.41 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $164.12.

Dollar General (NYSE:DG) last posted 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. The company had revenue of $10.30 billion for 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 firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.83 EPS. Equities research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Dollar General’s 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.