Dynamic Advisor Solutions LLC Has $1.25 Million Position in Dollar General Co. (NYSE:DG)

Posted by on Mar 23rd, 2023

Dynamic Advisor Solutions LLC grew its holdings in shares of Dollar General Co. (NYSE:DG – Get Rating) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,090 shares of the company’s stock after purchasing an additional 262 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Dollar General were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp raised its holdings in shares of Dollar General by 0.5% during the 3rd quarter. State Street Corp now owns 9,075,749 shares of the company’s stock valued at $2,176,909,000 after purchasing an additional 46,656 shares in the last quarter. FMR LLC raised its holdings in shares of Dollar General by 25.5% during the 2nd quarter. FMR LLC now owns 7,002,653 shares of the company’s stock valued at $1,718,731,000 after purchasing an additional 1,424,310 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Dollar General by 333.3% during the 3rd quarter. Alliancebernstein L.P. now owns 1,422,409 shares of the company’s stock valued at $341,179,000 after purchasing an additional 1,094,109 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Dollar General by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,254,647 shares of the company’s stock worth $279,322,000 after acquiring an additional 32,214 shares during the period. Finally, Haverford Trust Co raised its holdings in Dollar General by 0.6% in the 3rd quarter. Haverford Trust Co now owns 830,420 shares of the company’s stock worth $199,185,000 after acquiring an additional 5,041 shares during the period. Institutional investors own 90.73% of the company’s stock.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Warren F. Bryant sold 1,951 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $243.93, for a total value of $475,907.43. Following the transaction, the director now directly owns 38,269 shares in the company, valued at $9,334,957.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DG. JPMorgan Chase & Co. reiterated a “focus list” rating and issued a $242.00 target price (down previously from $289.00) on shares of Dollar General in a report on Thursday, January 19th. Gordon Haskett downgraded shares of Dollar General from an “accumulate” rating to a “hold” rating and dropped their target price for the stock from $230.00 to $220.00 in a report on Friday, March 17th. Truist Financial raised their price target on shares of Dollar General from $211.00 to $214.00 and gave the stock a “hold” rating in a research report on Friday, March 17th. Wells Fargo & Company decreased their price target on shares of Dollar General from $275.00 to $245.00 in a research report on Friday, March 17th. Finally, Raymond James decreased their price target on shares of Dollar General from $280.00 to $255.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 24th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $248.75.

Dollar General Price Performance

Shares of Dollar General stock opened at $206.44 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.14 and a current ratio of 1.29. The firm’s 50-day simple moving average is $224.55 and its 200-day simple moving average is $238.50. Dollar General Co. has a twelve month low of $183.25 and a twelve month high of $262.20. The firm has a market cap of $46.15 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.69 and a beta of 0.34.

Dollar General (NYSE:DG – Get Rating) last released its quarterly earnings results on Thursday, March 16th. The company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.02. The firm had revenue of $10.20 billion for the quarter, compared to analyst estimates of $10.24 billion. Dollar General had a net margin of 6.38% and a return on equity of 40.63%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.57 earnings per share. As a group, research analysts expect that Dollar General Co. will post 11.25 EPS for the current fiscal year.

Dollar General Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Tuesday, April 11th will be given a $0.59 dividend. The ex-dividend date of this dividend is Monday, April 10th. This is a positive change from Dollar General’s previous quarterly dividend of $0.55. This represents a $2.36 dividend on an annualized basis and a yield of 1.14%. Dollar General’s payout ratio is 20.60%.

Dollar General Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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