ICW Investment Advisors LLC Trims Holdings in Dollar General Co. (NYSE:DG)

ICW Investment Advisors LLC trimmed its position in Dollar General Co. (NYSE:DG) by 13.8% in the 4th quarter, HoldingsChannel reports. The fund owned 3,165 shares of the company’s stock after selling 506 shares during the quarter. ICW Investment Advisors LLC’s holdings in Dollar General were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. IMG Wealth Management Inc. bought a new position in Dollar General in the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB bought a new position in Dollar General in the 3rd quarter worth approximately $33,000. Providence First Trust Co bought a new position in Dollar General in the 4th quarter worth approximately $33,000. Bogart Wealth LLC boosted its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of Dollar General stock opened at $83.84 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $164.12. The firm has a market cap of $18.44 billion, a P/E ratio of 13.81, a P/E/G ratio of 2.18 and a beta of 0.44. The stock’s fifty day moving average price is $74.58 and its 200-day moving average price is $77.70.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 earnings per share. On average, equities research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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 given a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.82%. Dollar General’s dividend payout ratio is currently 46.18%.

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup lowered their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research report on Friday, March 7th. Bank of America lowered their target price on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, March 14th. Piper Sandler increased their target price on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Truist Financial lowered their target price 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. Finally, Barclays lowered their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. One 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 data from MarketBeat, Dollar General has an average rating of “Hold” and an average price target 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.