State of Alaska Department of Revenue Grows Holdings in Dollar General Co. (NYSE:DG)

State of Alaska Department of Revenue raised its position in Dollar General Co. (NYSE:DG – Get Rating) by 28.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,084 shares of the company’s stock after purchasing an additional 16,103 shares during the period. State of Alaska Department of Revenue’s holdings in Dollar General were worth $17,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Dollar General by 0.5% in the 3rd quarter. State Street Corp now owns 9,075,749 shares of the company’s stock valued at $2,176,909,000 after purchasing an additional 46,656 shares in the last quarter. FMR LLC increased its stake in shares of Dollar General by 25.5% during the 2nd quarter. FMR LLC now owns 7,002,653 shares of the company’s stock valued at $1,718,731,000 after acquiring an additional 1,424,310 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Dollar General by 333.3% during the 3rd quarter. Alliancebernstein L.P. now owns 1,422,409 shares of the company’s stock valued at $341,179,000 after acquiring an additional 1,094,109 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Dollar General by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,254,647 shares of the company’s stock valued at $279,322,000 after acquiring an additional 32,214 shares during the last quarter. Finally, Haverford Trust Co increased its stake in shares of Dollar General by 0.6% during the 3rd quarter. Haverford Trust Co now owns 830,420 shares of the company’s stock valued at $199,185,000 after acquiring an additional 5,041 shares during the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Warren F. Bryant sold 1,951 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $243.93, for a total transaction of $475,907.43. Following the completion of the transaction, the director now directly owns 38,269 shares in the company, valued at approximately $9,334,957.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Credit Suisse Group assumed coverage on shares of Dollar General in a research note on Monday, December 19th. They set a “neutral” rating and a $260.00 price objective for the company. Barclays initiated coverage on shares of Dollar General in a research report on Tuesday, February 7th. They set an “equal weight” rating and a $237.00 target price for the company. Raymond James dropped their target price on shares of Dollar General from $280.00 to $255.00 and set a “strong-buy” rating for the company in a research report on Friday, February 24th. Telsey Advisory Group reissued an “outperform” rating and set a $242.00 target price on shares of Dollar General in a research report on Friday. Finally, Piper Sandler dropped their target price on shares of Dollar General from $288.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, February 28th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $250.50.

Dollar General Stock Down 1.5 %

NYSE:DG traded down $3.26 during trading hours on Friday, hitting $208.83. The stock had a trading volume of 7,689,851 shares, compared to its average volume of 2,064,954. The company has a current ratio of 1.29, a quick ratio of 0.13 and a debt-to-equity ratio of 1.26. Dollar General Co. has a 1-year low of $183.25 and a 1-year high of $262.20. The business has a 50 day simple moving average of $226.41 and a two-hundred day simple moving average of $239.17. The company has a market cap of $46.69 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.71 and a beta of 0.34.

Dollar General (NYSE:DG – Get Rating) last issued its quarterly earnings data on Thursday, March 16th. The company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.02. The company had revenue of $10.20 billion during the quarter, compared to the consensus estimate of $10.24 billion. Dollar General had a net margin of 6.38% and a return on equity of 40.63%. Dollar General’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $2.57 earnings per share. Analysts predict that Dollar General Co. will post 11.23 EPS for the current year.

Dollar General Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Tuesday, April 11th will be paid a dividend of $0.59 per share. This is a boost from Dollar General’s previous quarterly dividend of $0.55. This represents a $2.36 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Monday, April 10th. Dollar General’s dividend payout ratio is 20.60%.

About Dollar General

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.