Cincinnati Insurance Co. Reduces Holdings in Dollar General Co. (NYSE:DG)

Cincinnati Insurance Co. lessened its stake in Dollar General Co. (NYSE:DG) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,567 shares of the company’s stock after selling 238,464 shares during the period. Cincinnati Insurance Co. owned 0.18% of Dollar General worth $29,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Dollar General in the 4th quarter valued at $57,000. Eagle Rock Investment Company LLC raised its holdings in shares of Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after buying an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth about $2,018,000. DAVENPORT & Co LLC increased its position in Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock valued at $24,385,000 after acquiring an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in Dollar General during the 4th quarter valued at approximately $6,158,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI lowered their target price on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Truist Financial dropped their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a report on Thursday, March 13th. UBS Group cut their price target on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Bank of America lowered their price objective on Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Dollar General has a consensus rating of “Hold” and an average target price of $92.26.

Insider Transactions at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction dated 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 directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Dollar General Stock Up 3.5 %

Shares of NYSE:DG opened at $87.68 on Friday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $19.28 billion, a P/E ratio of 14.45, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $164.12. The stock’s fifty day simple moving average is $75.77 and its 200-day simple moving average is $77.83.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.83 EPS. As a group, equities research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 46.18%.

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.