Dollar General Co. (NYSE:DG) Shares Sold by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC lowered its stake in Dollar General Co. (NYSE:DG) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,382 shares of the company’s stock after selling 1,535 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Dollar General were worth $1,955,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Comerica Bank acquired a new stake in Dollar General in the third quarter worth about $12,047,000. Prime Capital Investment Advisors LLC raised its holdings in Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after buying an additional 14,127 shares during the period. International Assets Investment Management LLC acquired a new stake in Dollar General during the 4th quarter worth about $18,861,000. Professional Advisory Services Inc. increased its holdings in shares of Dollar General by 12.6% in the 4th quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock valued at $20,523,000 after purchasing an additional 16,899 shares during the period. Finally, Live Oak Private Wealth LLC acquired a new position in shares of Dollar General in the 3rd quarter valued at about $1,374,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dollar General news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DG shares. The Goldman Sachs Group upped their target price on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Telsey Advisory Group reissued an “outperform” rating and issued a $170.00 price target on shares of Dollar General in a research note on Tuesday, April 2nd. Evercore ISI lowered their price target on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research note on Tuesday, April 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $147.00 target price (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Finally, Morgan Stanley upped their target price on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $153.08.

Dollar General Stock Performance

Shares of NYSE DG traded down $0.58 during trading hours on Friday, reaching $142.07. The stock had a trading volume of 1,378,667 shares, compared to its average volume of 1,915,899. The business’s fifty day moving average is $150.37 and its two-hundred day moving average is $135.46. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The company has a market cap of $31.21 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.55 and a beta of 0.42. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $222.99.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. Dollar General’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.96 earnings per share. As a group, research analysts expect that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.66%. Dollar General’s payout ratio is presently 31.22%.

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.