Prestige Wealth Management Group LLC Sells 821 Shares of Dollar General Co. (NYSE:DG)

Prestige Wealth Management Group LLC cut its holdings in shares of Dollar General Co. (NYSE:DG) by 57.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 597 shares of the company’s stock after selling 821 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Dollar General were worth $81,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Comerica Bank bought a new position in shares of Dollar General during the third quarter worth approximately $12,047,000. Prime Capital Investment Advisors LLC increased its stake in Dollar General by 294.5% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock valued at $2,573,000 after acquiring an additional 14,127 shares during the last quarter. International Assets Investment Management LLC bought a new position in Dollar General in the fourth quarter valued at approximately $18,861,000. Professional Advisory Services Inc. increased its stake in Dollar General by 12.6% in the fourth quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock valued at $20,523,000 after acquiring an additional 16,899 shares during the last quarter. Finally, Nine27 Capital Management LP bought a new position in Dollar General in the third quarter valued at approximately $5,290,000. 91.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DG shares. Argus lifted their price objective on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. The Goldman Sachs Group lifted their price objective on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Truist Financial raised their target price on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Raymond James raised their target price on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, Wells Fargo & Company raised their target price on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $153.08.

Dollar General Trading Down 3.0 %

NYSE DG traded down $4.46 during mid-day trading on Friday, reaching $142.13. 2,744,046 shares of the stock were exchanged, compared to its average volume of 1,942,699. Dollar General Co. has a one year low of $101.09 and a one year high of $218.36. The stock has a 50 day simple moving average of $148.21 and a 200-day simple moving average of $138.26. The stock has a market cap of $31.22 billion, a P/E ratio of 18.80, a P/E/G ratio of 2.54 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the firm posted $2.96 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. On average, analysts anticipate that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 31.22%.

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.