UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 218,379 Shares of Dollar General Co. (NYSE:DG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Dollar General Co. (NYSE:DG) by 25.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,092,158 shares of the company’s stock after acquiring an additional 218,379 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.50% of Dollar General worth $82,807,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Dollar General in the 4th quarter worth approximately $57,000. DAVENPORT & Co LLC raised its holdings in shares of Dollar General by 5,624.9% during the 4th 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 in the last quarter. Matrix Asset Advisors Inc. NY purchased a new stake in shares of Dollar General during the 4th quarter worth approximately $6,158,000. Oppenheimer & Co. Inc. raised its holdings in shares of Dollar General by 81.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company’s stock worth $428,000 after acquiring an additional 2,534 shares in the last quarter. Finally, Cornerstone Wealth Group LLC purchased a new stake in shares of Dollar General during the 4th quarter worth approximately $6,168,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DG has been the topic of several recent research reports. Piper Sandler upped their price objective on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. Morgan Stanley upped their price objective on Dollar General from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Monday, May 19th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $85.00 price objective on shares of Dollar General in a report on Thursday, March 13th. Melius upgraded Dollar General from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Tuesday, April 8th. Finally, Gordon Haskett lowered Dollar General from a “hold” rating to a “reduce” rating in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and a consensus price target of $96.48.

Dollar General Price Performance

DG opened at $101.44 on Friday. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $145.94. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $90.97 and its 200-day simple moving average is $80.65. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 2.18 and a beta of 0.27.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Tuesday, April 8th. Dollar General’s payout ratio is currently 46.18%.

About Dollar General

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.