Ceeto Capital Group LLC Sells 500 Shares of Dollar General Co. (NYSE:DG)

Ceeto Capital Group LLC lessened its stake in Dollar General Co. (NYSE:DG) by 8.5% in the first quarter, HoldingsChannel reports. The firm owned 5,375 shares of the company’s stock after selling 500 shares during the period. Ceeto Capital Group LLC’s holdings in Dollar General were worth $839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mutual Advisors LLC increased its holdings in shares of Dollar General by 16.9% in the fourth quarter. Mutual Advisors LLC now owns 4,538 shares of the company’s stock worth $617,000 after acquiring an additional 657 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Dollar General by 1,984.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 115,814 shares of the company’s stock worth $15,745,000 after acquiring an additional 110,258 shares in the last quarter. Schechter Investment Advisors LLC bought a new stake in shares of Dollar General in the fourth quarter worth about $309,000. Procyon Advisors LLC bought a new stake in shares of Dollar General in the fourth quarter worth about $208,000. Finally, Altfest L J & Co. Inc. bought a new stake in shares of Dollar General in the fourth quarter worth about $384,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG traded down $0.22 during mid-day trading on Friday, reaching $118.09. The company’s stock had a trading volume of 1,577,358 shares, compared to its average volume of 2,407,047. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $173.47. The stock has a market cap of $25.97 billion, a P/E ratio of 17.19, a PEG ratio of 2.32 and a beta of 0.43. The business has a 50-day simple moving average of $129.76 and a two-hundred day simple moving average of $138.99. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89.

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

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DG. Loop Capital increased their price target on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Evercore ISI lowered their price target on Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. JPMorgan Chase & Co. decreased their price objective on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Wells Fargo & Company decreased their price objective on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. Finally, Piper Sandler reduced their price target on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $147.86.

About Dollar General

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.