Flossbach Von Storch AG Sells 112,123 Shares of Dollar General Co. (NYSE:DG)

Flossbach Von Storch AG cut its holdings in Dollar General Co. (NYSE:DG) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,292,415 shares of the company’s stock after selling 112,123 shares during the quarter. Dollar General accounts for approximately 0.8% of Flossbach Von Storch AG’s investment portfolio, making the stock its 27th largest position. Flossbach Von Storch AG owned 0.59% of Dollar General worth $175,704,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DG. Comerica Bank purchased a new position in Dollar General during the third quarter worth $12,047,000. Prime Capital Investment Advisors LLC boosted its stake in shares of Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock worth $2,573,000 after purchasing an additional 14,127 shares during the period. International Assets Investment Management LLC bought a new position in Dollar General during the 4th quarter valued at about $18,861,000. Professional Advisory Services Inc. raised its position in Dollar General by 12.6% in the 4th quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock worth $20,523,000 after purchasing an additional 16,899 shares during the period. Finally, Live Oak Private Wealth LLC bought a new stake in Dollar General in the third quarter worth about $1,374,000. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Dollar General Stock Down 0.4 %

NYSE DG traded down $0.52 on Wednesday, hitting $144.47. The stock had a trading volume of 1,864,646 shares, compared to its average volume of 2,389,606. The business’s fifty day moving average price is $149.24 and its 200 day moving average price is $133.78. The stock has a market cap of $31.74 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $222.99.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the business earned $2.96 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s dividend payout ratio is presently 31.22%.

Wall Street Analysts Forecast Growth

DG has been the topic of several recent analyst reports. Raymond James increased their price target on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. Evercore ISI decreased their price objective on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. Finally, Piper Sandler restated a “neutral” rating and issued a $147.00 target price (up from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $153.08.

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.