Northcape Capital Pty Ltd Sells 229 Shares of Dollar General Co. (NYSE:DG)

Northcape Capital Pty Ltd reduced its stake in Dollar General Co. (NYSE:DG – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,231 shares of the company’s stock after selling 229 shares during the quarter. Dollar General comprises 0.9% of Northcape Capital Pty Ltd’s holdings, making the stock its 8th largest holding. Northcape Capital Pty Ltd’s holdings in Dollar General were worth $6,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in DG. DNB Asset Management AS increased its holdings in Dollar General by 1.7% in the fourth quarter. DNB Asset Management AS now owns 274,676 shares of the company’s stock worth $67,639,000 after purchasing an additional 4,481 shares in the last quarter. North Star Investment Management Corp. increased its holdings in Dollar General by 20.7% in the fourth quarter. North Star Investment Management Corp. now owns 332 shares of the company’s stock worth $82,000 after purchasing an additional 57 shares in the last quarter. Verity & Verity LLC bought a new stake in Dollar General in the fourth quarter worth approximately $712,000. Acropolis Investment Management LLC increased its holdings in Dollar General by 6.1% in the fourth quarter. Acropolis Investment Management LLC now owns 4,361 shares of the company’s stock worth $1,074,000 after purchasing an additional 249 shares in the last quarter. Finally, Legacy Bridge LLC increased its holdings in Dollar General by 1.6% in the fourth quarter. Legacy Bridge LLC now owns 2,970 shares of the company’s stock worth $731,000 after purchasing an additional 47 shares in the last quarter. 90.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dollar General news, Director Warren F. Bryant sold 1,951 shares of the business’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $243.93, for a total value of $475,907.43. Following the transaction, the director now owns 38,269 shares of the company’s stock, valued at $9,334,957.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

Dollar General Stock Down 1.5 %

Shares of NYSE:DG traded down $3.26 during mid-day trading on Friday, hitting $208.83. 7,689,851 shares of the company traded hands, compared to its average volume of 2,064,954. The stock has a market cap of $46.69 billion, a P/E ratio of 19.55, a P/E/G ratio of 1.71 and a beta of 0.34. The company has a current ratio of 1.29, a quick ratio of 0.13 and a debt-to-equity ratio of 1.26. Dollar General Co. has a 12-month low of $183.25 and a 12-month high of $262.20. The stock has a 50-day moving average price of $226.41 and a two-hundred day moving average price of $239.17.

Dollar General (NYSE:DG – Get Rating) last posted its quarterly earnings data on Thursday, March 16th. The company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.02. Dollar General had a return on equity of 40.63% and a net margin of 6.38%. The business had revenue of $10.20 billion for the quarter, compared to analysts’ expectations of $10.24 billion. During the same quarter in the previous year, the firm earned $2.57 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. On average, equities research analysts forecast that Dollar General Co. will post 11.23 earnings per share for the current year.

Dollar General Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Tuesday, April 11th will be given a $0.59 dividend. The ex-dividend date is Monday, April 10th. This represents a $2.36 annualized dividend and a yield of 1.13%. This is a boost from Dollar General’s previous quarterly dividend of $0.55. Dollar General’s payout ratio is currently 20.60%.

Wall Street Analyst Weigh In

DG has been the subject of a number of research analyst reports. Raymond James lowered their target price on Dollar General from $280.00 to $255.00 and set a “strong-buy” rating for the company in a report on Friday, February 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Dollar General from $248.00 to $249.00 in a report on Friday. Barclays initiated coverage on Dollar General in a report on Tuesday, February 7th. They set an “equal weight” rating and a $237.00 price objective for the company. Wells Fargo & Company decreased their price objective on Dollar General from $275.00 to $245.00 in a report on Friday. Finally, Truist Financial boosted their price objective on Dollar General from $211.00 to $214.00 and gave the company a “hold” rating in a report on Friday. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $250.50.

Dollar General Company Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.