Allianz SE Invests $507,000 in Dollar General Co. (NYSE:DG)

Allianz SE bought a new stake in Dollar General Co. (NYSE:DG) in the fourth quarter, HoldingsChannel reports. The fund bought 6,703 shares of the company’s stock, valued at approximately $507,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in shares of Dollar General by 36.3% during the third quarter. Cerity Partners LLC now owns 31,211 shares of the company’s stock worth $2,640,000 after buying an additional 8,310 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Dollar General by 112.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,394 shares of the company’s stock valued at $456,000 after purchasing an additional 2,861 shares in the last quarter. CreativeOne Wealth LLC raised its stake in shares of Dollar General by 15.1% during the 3rd quarter. CreativeOne Wealth LLC now owns 6,015 shares of the company’s stock worth $509,000 after buying an additional 789 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of Dollar General by 14.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company’s stock worth $812,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of Dollar General by 387.7% during the 3rd quarter. Verition Fund Management LLC now owns 32,912 shares of the company’s stock worth $2,783,000 after purchasing an additional 26,164 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 1.7 %

Dollar General stock opened at $86.03 on Monday. The firm has a 50-day moving average price of $76.12 and a two-hundred day moving average price of $77.83. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $164.12. The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.18 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period last year, the firm earned $1.83 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. Sell-side analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the business’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 sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was 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 this hyperlink. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

DG has been the topic of several research analyst reports. 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 note on Friday, March 7th. Morgan Stanley lowered their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Gordon Haskett lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Evercore ISI lowered their target price on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Finally, UBS Group cut their price target on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, March 6th. 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. According to data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus target price of $92.26.

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.