1834 Investment Advisors Co. Sells 1,771 Shares of Dollar General Co. (NYSE:DG)

1834 Investment Advisors Co. lowered its holdings in Dollar General Co. (NYSE:DG) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,037 shares of the company’s stock after selling 1,771 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Dollar General were worth $4,931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General in the 3rd quarter worth approximately $33,000. Quarry LP bought a new stake in Dollar General in the second quarter valued at $46,000. Pathway Financial Advisers LLC raised its stake in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after acquiring an additional 88 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Dollar General during the third quarter valued at $57,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of Dollar General by 37.7% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after purchasing an additional 217 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 0.8 %

NYSE DG opened at $71.91 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The company has a market capitalization of $15.81 billion, a PE ratio of 11.85, a P/E/G ratio of 2.11 and a beta of 0.44. The stock has a 50-day simple moving average of $75.00 and a 200 day simple moving average of $89.88.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Evercore ISI dropped their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Telsey Advisory Group dropped their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, December 2nd. Sanford C. Bernstein began coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 target price for the company. HSBC decreased their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Finally, Truist Financial cut their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $96.77.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.