Ontario Teachers Pension Plan Board Sells 3,265 Shares of Dollar General Co. (NYSE:DG)

Ontario Teachers Pension Plan Board decreased its position in Dollar General Co. (NYSE:DG) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,860 shares of the company’s stock after selling 3,265 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Dollar General were worth $520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Dollar General during the 4th quarter valued at about $57,000. Eagle Rock Investment Company LLC increased its stake in shares of Dollar General by 16.3% during the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after buying an additional 4,048 shares during the period. Leibman Financial Services Inc. bought a new position in shares of Dollar General during the fourth quarter valued at approximately $2,018,000. DAVENPORT & Co LLC lifted its stake in Dollar General by 5,624.9% in the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after acquiring an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY bought a new stake in Dollar General in the fourth quarter valued at $6,158,000. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

DG opened at $89.46 on Thursday. The company’s 50-day simple moving average is $81.35 and its two-hundred day simple moving average is $78.36. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $147.87. The stock has a market capitalization of $19.68 billion, a P/E ratio of 14.74, a P/E/G ratio of 2.18 and a beta of 0.40. 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 (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $1.83 earnings per share. As a group, analysts predict that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Wall Street Analyst Weigh In

DG has been the subject of several research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $85.00 price objective on shares of Dollar General in a report on Thursday, March 13th. Truist Financial upped their price target on Dollar General from $76.00 to $93.00 and gave the stock a “hold” rating in a research note on Tuesday, April 8th. Gordon Haskett cut shares of Dollar General from a “hold” rating to a “reduce” rating in a report on Wednesday, April 9th. Melius upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, April 8th. Finally, Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $94.75.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

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.