Cibc World Markets Corp Boosts Stock Position in Dollar General Co. (NYSE:DG)

Cibc World Markets Corp increased its position in Dollar General Co. (NYSE:DG) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,261 shares of the company’s stock after acquiring an additional 11,292 shares during the quarter. Cibc World Markets Corp’s holdings in Dollar General were worth $6,540,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DG. IMG Wealth Management Inc. bought a new stake in shares of Dollar General during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB bought a new stake in Dollar General during the third quarter valued at about $33,000. Providence First Trust Co bought a new position in shares of Dollar General in the fourth quarter worth about $33,000. Bogart Wealth LLC raised its stake in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares during the period. Finally, OFI Invest Asset Management bought a new position in Dollar General in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 2.0 %

NYSE DG opened at $81.44 on Wednesday. The stock has a market cap of $17.91 billion, a PE ratio of 13.42, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $164.12. The company’s 50-day moving average price is $73.92 and its 200-day moving average price is $77.70. 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 (NYSE:DG) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same period last year, the business posted $1.83 EPS. Dollar General’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.90%. Dollar General’s dividend payout ratio is currently 46.18%.

Insider Activity

In other Dollar General 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 value of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $85.00 price objective on shares of Dollar General in a report on Thursday, March 13th. Morgan Stanley reduced their target price 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. Barclays dropped their price target on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Finally, Piper Sandler lifted their price objective on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $92.26.

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.