ACR Alpine Capital Research LLC Buys 3,994,070 Shares of Dollar General Co. (NYSE:DG)

ACR Alpine Capital Research LLC increased its stake in Dollar General Co. (NYSE:DG) by 8,426.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,041,471 shares of the company’s stock after acquiring an additional 3,994,070 shares during the period. Dollar General makes up 6.6% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 7th largest position. ACR Alpine Capital Research LLC owned about 1.84% of Dollar General worth $306,424,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General in the third quarter worth $33,000. Providence First Trust Co acquired a new position in shares of Dollar General during the fourth quarter valued at $33,000. Bogart Wealth LLC lifted its holdings in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the period. Venturi Wealth Management LLC lifted its holdings in Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Dollar General in the fourth quarter worth about $39,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of DG opened at $74.25 on Monday. The business’s fifty day simple moving average is $73.31 and its two-hundred day simple moving average is $80.97. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The company has a market cap of $16.33 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 2.18 and a beta of 0.43.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This represents a 23.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred 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 directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a report on Friday, December 6th. Bernstein Bank decreased their target price on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Telsey Advisory Group reduced their price objective on Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. Truist Financial dropped their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. Finally, Jefferies Financial Group lowered their target price on Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $96.77.

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.