Rockefeller Capital Management L.P. Sells 6,471 Shares of Dollar General Co. (NYSE:DG)

Rockefeller Capital Management L.P. lowered its stake in shares of Dollar General Co. (NYSE:DG) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,418 shares of the company’s stock after selling 6,471 shares during the period. Rockefeller Capital Management L.P.’s holdings in Dollar General were worth $887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC raised its stake in shares of Dollar General by 8.3% during the 3rd quarter. Anchor Investment Management LLC now owns 17,414 shares of the company’s stock valued at $1,473,000 after buying an additional 1,333 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Dollar General during the third quarter worth about $33,000. Tidal Investments LLC grew its position in Dollar General by 25.4% in the third quarter. Tidal Investments LLC now owns 17,315 shares of the company’s stock worth $1,464,000 after acquiring an additional 3,504 shares during the period. Franklin Resources Inc. grew its holdings in shares of Dollar General by 17.6% during the 3rd quarter. Franklin Resources Inc. now owns 69,173 shares of the company’s stock worth $5,517,000 after purchasing an additional 10,333 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL acquired a new position in Dollar General during the third quarter worth $263,000. Institutional investors own 91.77% of the company’s stock.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Dollar General Price Performance

Shares of DG stock opened at $96.81 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock’s fifty day simple moving average is $83.03 and its 200 day simple moving average is $78.63. Dollar General Co. has a one year low of $66.43 and a one year high of $147.87. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period last year, the firm posted $1.83 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.44%. Dollar General’s dividend payout ratio (DPR) is 46.18%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DG. Melius upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Tuesday, April 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $85.00 price target on shares of Dollar General in a report on Thursday, March 13th. Bank of America decreased their price objective on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Barclays reduced their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Finally, Truist Financial raised their target price on Dollar General from $76.00 to $93.00 and gave the company a “hold” rating in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General currently has an average rating of “Hold” and an average price target of $94.75.

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.