Dollar General Co. (NYSE:DG) Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC decreased its position in Dollar General Co. (NYSE:DG) by 2.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 157,530 shares of the company’s stock after selling 3,705 shares during the period. NFJ Investment Group LLC owned about 0.07% of Dollar General worth $34,088,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DG. Clarus Group Inc. acquired a new stake in shares of Dollar General during the first quarter valued at $107,000. IndexIQ Advisors LLC boosted its stake in shares of Dollar General by 16.4% during the first quarter. IndexIQ Advisors LLC now owns 14,603 shares of the company’s stock valued at $2,959,000 after acquiring an additional 2,061 shares during the last quarter. Sowell Financial Services LLC boosted its stake in shares of Dollar General by 3.6% during the first quarter. Sowell Financial Services LLC now owns 13,199 shares of the company’s stock valued at $2,884,000 after acquiring an additional 456 shares during the last quarter. Meridian Wealth Management LLC boosted its stake in shares of Dollar General by 9.9% during the first quarter. Meridian Wealth Management LLC now owns 3,734 shares of the company’s stock valued at $757,000 after acquiring an additional 337 shares during the last quarter. Finally, ICW Investment Advisors LLC boosted its stake in shares of Dollar General by 10.0% during the first quarter. ICW Investment Advisors LLC now owns 2,192 shares of the company’s stock valued at $444,000 after acquiring an additional 200 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

A number of analysts recently commented on DG shares. Piper Sandler increased their price objective on Dollar General from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, May 28th. UBS Group reissued a “buy” rating and issued a C$245.00 price target on shares of Dollar General in a research note on Monday, August 23rd. Oppenheimer raised their price target on Dollar General from $225.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, July 15th. Morgan Stanley raised their price target on Dollar General from $225.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, August 27th. Finally, OTR Global lowered Dollar General to a “positive” rating in a research note on Tuesday, August 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $244.41.

Dollar General stock traded down $0.94 during midday trading on Wednesday, hitting $218.61. 29,905 shares of the company were exchanged, compared to its average volume of 2,071,428. The company’s fifty day moving average price is $227.85 and its 200-day moving average price is $214.70. The company has a market cap of $51.00 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.89 and a beta of 0.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 0.13. Dollar General Co. has a fifty-two week low of $173.50 and a fifty-two week high of $239.35.

Dollar General (NYSE:DG) last released its quarterly earnings results on Wednesday, August 25th. The company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.59 by $0.10. The firm had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.59 billion. Dollar General had a return on equity of 38.90% and a net margin of 7.52%. Dollar General’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $3.12 EPS. On average, analysts expect that Dollar General Co. will post 10.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 19th. Investors of record on Tuesday, October 5th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.77%. The ex-dividend date is Monday, October 4th. Dollar General’s dividend payout ratio (DPR) is presently 15.82%.

About Dollar General

Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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