Walled Lake Planning & Wealth Management LLC Sells 25,870 Shares of Dollar General Co. (NYSE:DG)

Walled Lake Planning & Wealth Management LLC reduced its stake in shares of Dollar General Co. (NYSE:DG) by 70.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,693 shares of the company’s stock after selling 25,870 shares during the quarter. Walled Lake Planning & Wealth Management LLC’s holdings in Dollar General were worth $811,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in Dollar General by 36.3% in the third quarter. Cerity Partners LLC now owns 31,211 shares of the company’s stock worth $2,640,000 after buying an additional 8,310 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Dollar General by 112.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,394 shares of the company’s stock valued at $456,000 after purchasing an additional 2,861 shares during the period. CreativeOne Wealth LLC grew its stake in Dollar General by 15.1% in the third quarter. CreativeOne Wealth LLC now owns 6,015 shares of the company’s stock worth $509,000 after purchasing an additional 789 shares during the period. Public Sector Pension Investment Board raised its holdings in Dollar General by 14.3% in the third quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company’s stock worth $812,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in Dollar General by 387.7% during the third quarter. Verition Fund Management LLC now owns 32,912 shares of the company’s stock valued at $2,783,000 after buying an additional 26,164 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were 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 in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

DG has been the subject of several research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $85.00 price target on shares of Dollar General in a research note on Thursday, March 13th. Evercore ISI lowered 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 report on Tuesday, December 3rd. UBS Group cut their price target on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. BMO Capital Markets lifted their price objective on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Finally, Truist Financial cut their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $92.26.

Dollar General Stock Performance

DG opened at $86.03 on Friday. The company’s 50 day moving average is $76.12 and its 200 day moving average is $77.85. 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 company has a market cap of $18.92 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $164.12.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio (DPR) 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.