First Horizon Advisors Inc. Sells 1,105 Shares of Dollar General Co. (NYSE:DG)

First Horizon Advisors Inc. reduced its stake in Dollar General Co. (NYSE:DG) by 36.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,954 shares of the company’s stock after selling 1,105 shares during the period. First Horizon Advisors Inc.’s holdings in Dollar General were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DG. Vanguard Group Inc. grew its holdings in shares of Dollar General by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after purchasing an additional 3,457,393 shares in the last quarter. Northern Trust Corp grew its stake in Dollar General by 2.8% during the third quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock worth $248,278,000 after buying an additional 62,913 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Dollar General by 98.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock valued at $222,884,000 after buying an additional 1,043,141 shares during the period. Invesco Ltd. increased its holdings in Dollar General by 44.2% in the 3rd quarter. Invesco Ltd. now owns 1,572,721 shares of the company’s stock valued at $166,394,000 after buying an additional 481,881 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Dollar General by 78.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock valued at $150,904,000 after buying an additional 627,844 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of Dollar General stock opened at $137.49 on Monday. The business has a 50 day moving average price of $150.07 and a 200-day moving average price of $136.83. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $221.50. The company has a market cap of $30.20 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44. 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 (NYSE:DG) last posted its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.09. The firm had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.96 EPS. Equities analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DG shares. BMO Capital Markets lifted their price objective on shares of Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Evercore ISI reduced their price objective on Dollar General from $162.00 to $160.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 2nd. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. JPMorgan Chase & Co. boosted their price target on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a report on Tuesday, April 2nd. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $153.08.

Insider Activity

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were 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 of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on 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 sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.