Cidel Asset Management Inc. Acquires 636 Shares of Dollar General Co. (NYSE:DG)

Cidel Asset Management Inc. increased its stake in shares of Dollar General Co. (NYSE:DG) by 23.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,379 shares of the company’s stock after buying an additional 636 shares during the period. Cidel Asset Management Inc.’s holdings in Dollar General were worth $256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DG. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Dollar General by 1.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,505 shares of the company’s stock valued at $2,010,000 after acquiring an additional 353 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Dollar General by 2.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 493,632 shares of the company’s stock worth $37,427,000 after buying an additional 12,808 shares during the period. Robertson Stephens Wealth Management LLC raised its stake in shares of Dollar General by 13.4% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,374 shares of the company’s stock worth $407,000 after buying an additional 635 shares during the last quarter. Absher Wealth Management LLC lifted its holdings in Dollar General by 204.2% in the fourth quarter. Absher Wealth Management LLC now owns 23,710 shares of the company’s stock valued at $1,798,000 after buying an additional 15,915 shares during the period. Finally, Tectonic Advisors LLC bought a new position in Dollar General in the fourth quarter valued at approximately $451,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DG shares. Wells Fargo & Company decreased their price objective on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Sanford C. Bernstein began coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price target on the stock. The Goldman Sachs Group decreased their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. cut their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Truist Financial decreased 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 research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.77.

Insider Buying and Selling at Dollar General

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 completion of the sale, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now owns 120,322 shares of the company’s stock, valued at approximately $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 Trading Down 0.1 %

Shares of NYSE:DG opened at $72.51 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The company’s 50-day moving average price is $74.31 and its two-hundred day moving average price is $86.10. The stock has a market capitalization of $15.95 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07.

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

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Dollar General Company 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.