Gulf International Bank UK Ltd Lowers Holdings in Dollar General Co. (NYSE:DG)

Gulf International Bank UK Ltd cut its holdings in Dollar General Co. (NYSE:DG) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,127 shares of the company’s stock after selling 194 shares during the period. Gulf International Bank UK Ltd’s holdings in Dollar General were worth $1,298,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DG. Pzena Investment Management LLC lifted its holdings in Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares in the last quarter. Baupost Group LLC MA purchased a new position in Dollar General in the 3rd quarter worth approximately $194,832,000. State Street Corp raised its holdings in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after acquiring an additional 759,869 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Dollar General during the 3rd quarter worth approximately $32,932,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of Dollar General by 96.1% during the 4th quarter. Allianz Asset Management GmbH now owns 742,144 shares of the company’s stock worth $56,269,000 after acquiring an additional 363,739 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of Dollar General stock opened at $74.25 on Friday. The stock’s fifty day moving average is $73.31 and its two-hundred day moving average is $81.22. The company has a market capitalization of $16.33 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $1.26 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Analyst Upgrades and Downgrades

DG has been the topic of several recent research reports. Truist Financial decreased their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. JPMorgan Chase & Co. decreased their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Morgan Stanley decreased their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, December 6th. Finally, Telsey Advisory Group decreased their price objective on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.77.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General 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.