abrdn plc Purchases 11,442 Shares of Dollar General Co. (NYSE:DG)

abrdn plc raised its position in Dollar General Co. (NYSE:DG) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,868 shares of the company’s stock after purchasing an additional 11,442 shares during the quarter. abrdn plc’s holdings in Dollar General were worth $12,489,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DG. Vanguard Group Inc. raised its position in Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after purchasing an additional 3,457,393 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Dollar General by 98.1% during the third quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock worth $222,884,000 after acquiring an additional 1,043,141 shares during the last quarter. Baupost Group LLC MA raised its position in shares of Dollar General by 283.1% during the third quarter. Baupost Group LLC MA now owns 927,000 shares of the company’s stock worth $98,077,000 after acquiring an additional 685,000 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Dollar General by 78.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock worth $150,904,000 after acquiring an additional 627,844 shares during the last quarter. Finally, Equity Investment Corp raised its position in shares of Dollar General by 744.8% during the third quarter. Equity Investment Corp now owns 638,695 shares of the company’s stock worth $67,574,000 after acquiring an additional 563,095 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Ralph Santana sold 3,009 shares of the business’s 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 completion of the transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Down 0.4 %

Shares of NYSE:DG opened at $142.59 on Friday. The stock has a market cap of $31.32 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.55 and a beta of 0.42. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $222.99. The business’s 50 day moving average is $150.36 and its 200 day moving average is $135.18.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. Dollar General’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.96 earnings per share. On average, sell-side analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.66%. Dollar General’s payout ratio is presently 31.22%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Telsey Advisory Group restated an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Raymond James raised their target price on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $153.08.

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.