Shell Asset Management Co. Sells 3,304 Shares of Dollar General Co. (NYSE:DG)

Shell Asset Management Co. cut its stake in shares of Dollar General Co. (NYSE:DG) by 28.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,377 shares of the company’s stock after selling 3,304 shares during the period. Shell Asset Management Co.’s holdings in Dollar General were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of DG. Prime Capital Investment Advisors LLC grew its holdings in Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock valued at $2,573,000 after purchasing an additional 14,127 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after buying an additional 3,360,413 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Dollar General during the 4th quarter worth approximately $18,861,000. Nexus Investment Management ULC boosted its holdings in Dollar General by 10.5% during the 1st quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock valued at $29,932,000 after acquiring an additional 18,280 shares during the period. Finally, FIL Ltd grew its position in Dollar General by 31.4% in the 4th quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock valued at $182,194,000 after acquiring an additional 320,157 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DG. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 target price on shares of Dollar General in a research report on Thursday, May 30th. Evercore ISI decreased their price target on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Argus lowered their price target on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a report on Monday, July 15th. BMO Capital Markets reduced their price objective on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Finally, Piper Sandler decreased their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $147.86.

Dollar General Stock Performance

DG stock traded up $0.19 during midday trading on Friday, reaching $118.50. The stock had a trading volume of 357,111 shares, compared to its average volume of 2,422,078. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The firm has a fifty day simple moving average of $130.25 and a two-hundred day simple moving average of $139.05. The stock has a market cap of $26.06 billion, a PE ratio of 17.22, a P/E/G ratio of 2.30 and a beta of 0.43. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $173.47.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.08. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $2.34 earnings per share. As a group, equities research analysts anticipate that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.36 annualized dividend and a dividend yield of 1.99%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

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.