CIBC Private Wealth Group LLC Sells 3,320 Shares of Dollar General Co. (NYSE:DG)

CIBC Private Wealth Group LLC trimmed its stake in shares of Dollar General Co. (NYSE:DG) by 23.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 10,899 shares of the company’s stock after selling 3,320 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Dollar General were worth $781,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. IMG Wealth Management Inc. acquired a new position in Dollar General during the fourth quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General during the 3rd quarter worth $33,000. Providence First Trust Co bought a new stake in shares of Dollar General during the 4th quarter worth $33,000. Bogart Wealth LLC boosted its stake in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after acquiring an additional 278 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Dollar General stock opened at $92.82 on Friday. The stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $161.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock’s 50 day moving average price is $78.10 and its two-hundred day moving average price is $78.13.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) 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 analyst estimates of $10.26 billion. During the same period in the prior year, the firm earned $1.83 earnings per share. Dollar General’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.54%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DG. Barclays reduced their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 9th. Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. Truist Financial cut their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Gordon Haskett lowered Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. One investment 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. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $92.26.

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.