Modera Wealth Management LLC Has $210,000 Position in Dollar General Co. (NYSE:DG)

Modera Wealth Management LLC cut its holdings in Dollar General Co. (NYSE:DG) by 30.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,773 shares of the company’s stock after selling 1,227 shares during the quarter. Modera Wealth Management LLC’s holdings in Dollar General were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General in the 3rd quarter valued at approximately $33,000. Providence First Trust Co bought a new stake in Dollar General in the fourth quarter valued at approximately $33,000. Bogart Wealth LLC raised its holdings in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $73.80 on Thursday. The stock has a market capitalization of $16.23 billion, a PE ratio of 12.16, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07. The firm has a fifty day simple moving average of $73.20 and a 200 day simple moving average of $80.23. 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 (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The firm 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% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. On average, research analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DG. Morgan Stanley dropped their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research report on Monday. Barclays decreased their price objective on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. BMO Capital Markets raised their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, Truist Financial reduced their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $96.04.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the company’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 completion of the transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

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.