Deseret Mutual Benefit Administrators Buys 150 Shares of Dollar General Co. (NYSE:DG)

Deseret Mutual Benefit Administrators grew its stake in shares of Dollar General Co. (NYSE:DG) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,884 shares of the company’s stock after acquiring an additional 150 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Dollar General were worth $143,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DG. Pzena Investment Management LLC lifted its holdings in Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. State Street Corp lifted its holdings in shares of Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Dollar General by 3.6% in the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after acquiring an additional 182,300 shares during the period. Baupost Group LLC MA acquired a new position in shares of Dollar General in the third quarter valued at about $194,832,000. Finally, Charles Schwab Investment Management Inc. increased its position in Dollar General by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after acquiring an additional 31,200 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DG. Barclays cut their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. Morgan Stanley reduced their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Truist Financial lowered their price objective 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. Evercore ISI cut their target price on 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. Finally, Bank of America upgraded Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $96.77.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value 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 approximately $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Dollar General Stock Performance

Dollar General stock opened at $76.68 on Friday. The business has a 50 day moving average of $73.26 and a 200-day moving average of $82.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07. The company has a market capitalization of $16.86 billion, a P/E ratio of 12.63, a P/E/G ratio of 2.17 and a beta of 0.43.

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

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio is presently 38.88%.

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.