Royal London Asset Management Ltd. Has $37.90 Million Stock Position in Dollar General Co. (NYSE:DG)

Royal London Asset Management Ltd. lowered its holdings in shares of Dollar General Co. (NYSE:DG) by 69.9% in the 4th quarter, HoldingsChannel reports. The firm owned 499,844 shares of the company’s stock after selling 1,163,300 shares during the period. Royal London Asset Management Ltd.’s holdings in Dollar General were worth $37,898,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Dollar General during the fourth quarter worth approximately $57,000. Eagle Rock Investment Company LLC increased its holdings in shares of Dollar General by 16.3% during the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after acquiring an additional 4,048 shares in the last quarter. Leibman Financial Services Inc. bought a new stake in shares of Dollar General during the fourth quarter valued at approximately $2,018,000. DAVENPORT & Co LLC increased its holdings in shares of Dollar General by 5,624.9% during the fourth quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock valued at $24,385,000 after acquiring an additional 316,005 shares in the last quarter. Finally, Cynosure Group LLC increased its holdings in shares of Dollar General by 710.7% during the third quarter. Cynosure Group LLC now owns 25,343 shares of the company’s stock valued at $2,143,000 after acquiring an additional 22,217 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DG shares. Evercore ISI decreased their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. The Goldman Sachs Group decreased their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Telsey Advisory Group restated a “market perform” rating and set a $85.00 price objective on shares of Dollar General in a report on Thursday, March 13th. Finally, Truist Financial decreased their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.26.

Dollar General Stock Down 0.7 %

Shares of NYSE DG opened at $81.73 on Friday. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The business’s fifty day moving average price is $74.33 and its 200-day moving average price is $77.76. The stock has a market capitalization of $17.97 billion, a PE ratio of 13.46, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 18.85% and a net margin of 3.33%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 EPS. On average, equities research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.89%. Dollar General’s dividend payout ratio (DPR) is 46.18%.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Dollar General Company 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.