Maryland State Retirement & Pension System Reduces Stock Position in Dollar General Co. (NYSE:DG)

Maryland State Retirement & Pension System decreased its position in shares of Dollar General Co. (NYSE:DG) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,160 shares of the company’s stock after selling 391 shares during the period. Maryland State Retirement & Pension System’s holdings in Dollar General were worth $922,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DG. Deseret Mutual Benefit Administrators boosted its position in shares of Dollar General by 8.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after acquiring an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of Dollar General by 20.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after purchasing an additional 161 shares during the last quarter. Peoples Bank KS grew its stake in shares of Dollar General by 19.1% during the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after buying an additional 230 shares during the period. Metis Global Partners LLC increased its holdings in shares of Dollar General by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company’s stock worth $553,000 after buying an additional 255 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after buying an additional 278 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 2.7 %

NYSE DG opened at $83.84 on Monday. The company has a market capitalization of $18.44 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $164.12. The company’s fifty day moving average price is $74.58 and its two-hundred day moving average price is $77.70.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.83 earnings per share. As a group, research analysts predict 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 will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.82%. Dollar General’s dividend payout ratio (DPR) is 46.18%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research reports. Citigroup lowered their price target on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research report on Friday, March 7th. UBS Group dropped their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Barclays reduced their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Piper Sandler increased their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Finally, Morgan Stanley reduced their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.26.

Insider Activity at Dollar General

In related news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.