Tandem Investment Advisors Inc. Has $623,000 Stake in Dollar General Co. (NYSE:DG)

Tandem Investment Advisors Inc. lowered its position in Dollar General Co. (NYSE:DG) by 96.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,580 shares of the company’s stock after selling 118,598 shares during the period. Tandem Investment Advisors Inc.’s holdings in Dollar General were worth $623,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DG. D.A. Davidson & CO. lifted its position in shares of Dollar General by 21.6% in the 1st quarter. D.A. Davidson & CO. now owns 1,034 shares of the company’s stock worth $230,000 after purchasing an additional 184 shares during the period. Dakota Wealth Management bought a new stake in shares of Dollar General in the 1st quarter valued at $474,000. Baird Financial Group Inc. increased its stake in shares of Dollar General by 26.3% in the 1st quarter. Baird Financial Group Inc. now owns 58,834 shares of the company’s stock valued at $13,098,000 after acquiring an additional 12,262 shares in the last quarter. Covestor Ltd increased its stake in shares of Dollar General by 156.4% in the 1st quarter. Covestor Ltd now owns 418 shares of the company’s stock valued at $93,000 after acquiring an additional 255 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Dollar General by 17.7% in the 1st quarter. Mackenzie Financial Corp now owns 71,629 shares of the company’s stock valued at $15,947,000 after acquiring an additional 10,773 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following 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 owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on DG shares. The Goldman Sachs Group lifted their price objective on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $124.00 to $154.00 in a research note on Thursday, January 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a research note on Tuesday, April 2nd. Piper Sandler restated a “neutral” rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Finally, StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $153.08.

Dollar General Stock Down 0.4 %

DG traded down $0.52 during mid-day trading on Wednesday, reaching $144.47. 1,864,646 shares of the stock were exchanged, compared to its average volume of 2,389,606. The company has a 50 day moving average price of $149.05 and a two-hundred day moving average price of $133.71. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The stock has a market capitalization of $31.74 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $222.99.

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

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 31.22%.

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.