Dollar General Co. (NYSE:DG) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. lowered its stake in shares of Dollar General Co. (NYSE:DG) by 8.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,415 shares of the company’s stock after selling 423 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Dollar General were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DG. Cetera Investment Advisers grew its holdings in shares of Dollar General by 278.1% during the first quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock valued at $10,086,000 after purchasing an additional 47,534 shares during the last quarter. Vanguard Group Inc. boosted its stake in Dollar General by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after buying an additional 3,360,413 shares in the last quarter. Nexus Investment Management ULC grew its holdings in Dollar General by 10.5% during the first quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock worth $29,932,000 after acquiring an additional 18,280 shares during the period. FIL Ltd raised its position in Dollar General by 31.4% in the fourth quarter. FIL Ltd now owns 1,340,157 shares of the company’s stock worth $182,194,000 after acquiring an additional 320,157 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Dollar General during the 1st quarter valued at about $15,896,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DG shares. BMO Capital Markets reduced their target price on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, May 31st. Wells Fargo & Company decreased their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Loop Capital reduced their target price on Dollar General from $140.00 to $130.00 and set a “hold” rating for the company in a report on Tuesday. Evercore ISI dropped their price target on Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Finally, Truist Financial reduced their price objective on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $147.41.

Dollar General Stock Performance

Shares of DG traded down $0.76 during mid-day trading on Tuesday, hitting $116.84. The company’s stock had a trading volume of 2,877,692 shares, compared to its average volume of 2,421,031. Dollar General Co. has a one year low of $101.09 and a one year high of $168.07. The stock’s 50-day moving average is $125.35 and its two-hundred day moving average is $137.84. The firm has a market capitalization of $25.69 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the previous year, the firm posted $2.34 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s dividend payout ratio is presently 34.35%.

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.