Key Financial Inc Trims Stock Holdings in Dollar General Co. (NYSE:DG)

Key Financial Inc reduced its position in shares of Dollar General Co. (NYSE:DG) by 26.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 685 shares of the company’s stock after selling 246 shares during the quarter. Key Financial Inc’s holdings in Dollar General were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DG. Fiduciary Trust Co. lifted its holdings in Dollar General by 0.7% in the first quarter. Fiduciary Trust Co. now owns 8,868 shares of the company’s stock valued at $1,866,000 after acquiring an additional 64 shares during the last quarter. SevenOneSeven Capital Management lifted its holdings in Dollar General by 5.4% in the second quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company’s stock valued at $207,000 after acquiring an additional 64 shares during the last quarter. Kinneret Advisory LLC lifted its holdings in Dollar General by 2.3% in the first quarter. Kinneret Advisory LLC now owns 2,906 shares of the company’s stock valued at $647,000 after acquiring an additional 65 shares during the last quarter. Cito Capital Group LLC lifted its holdings in Dollar General by 2.5% in the first quarter. Cito Capital Group LLC now owns 3,100 shares of the company’s stock valued at $652,000 after acquiring an additional 75 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in Dollar General by 7.6% in the fourth quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company’s stock valued at $286,000 after acquiring an additional 82 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company’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 transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on DG. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $124.00 to $154.00 in a research note on Thursday, January 4th. Wells Fargo & Company upped their price target on Dollar General from $125.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Friday, March 15th. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Truist Financial upped their price target on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. upped their price target on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $153.08.

Dollar General Stock Performance

NYSE:DG opened at $144.01 on Thursday. The firm has a market capitalization of $31.63 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. The business’s fifty day moving average price is $149.24 and its 200 day moving average price is $133.78. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the prior year, the firm posted $2.96 earnings per share. Dollar General’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.64%. Dollar General’s dividend payout ratio is presently 31.22%.

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.