TD Private Client Wealth LLC Sells 386 Shares of Dollar General Co. (NYSE:DG)

TD Private Client Wealth LLC lowered its holdings in Dollar General Co. (NYSE:DG) by 4.3% in the 4th quarter, HoldingsChannel reports. The firm owned 8,621 shares of the company’s stock after selling 386 shares during the quarter. TD Private Client Wealth LLC’s holdings in Dollar General were worth $654,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DG. IMG Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in Dollar General during the third quarter valued at about $33,000. Providence First Trust Co purchased a new position in Dollar General in the fourth quarter valued at about $33,000. Bogart Wealth LLC lifted its position in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Dollar General in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $83.84 on Monday. The firm’s fifty day moving average is $74.58 and its two-hundred day moving average is $77.70. The firm has a market cap of $18.44 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The firm 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 company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 earnings per share. Research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is currently 46.18%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Wells Fargo & Company dropped their target price 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. BMO Capital Markets increased their price target on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Finally, Piper Sandler boosted their price target on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus price target of $92.26.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

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.