Mercer Global Advisors Inc. ADV Sells 4,262 Shares of Dollar General Co. (NYSE:DG)

Mercer Global Advisors Inc. ADV decreased its stake in Dollar General Co. (NYSE:DGGet Rating) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,057 shares of the company’s stock after selling 4,262 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Dollar General were worth $11,097,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Dollar General by 3.8% during the third quarter. BlackRock Inc. now owns 18,115,432 shares of the company’s stock worth $3,843,009,000 after purchasing an additional 664,688 shares during the last quarter. Capital World Investors boosted its holdings in Dollar General by 14.5% in the third quarter. Capital World Investors now owns 15,746,670 shares of the company’s stock valued at $3,340,499,000 after acquiring an additional 1,990,714 shares during the last quarter. Wellington Management Group LLP lifted its stake in Dollar General by 1.8% in the third quarter. Wellington Management Group LLP now owns 4,097,982 shares of the company’s stock valued at $869,346,000 after buying an additional 73,697 shares during the period. Geode Capital Management LLC lifted its stake in Dollar General by 0.3% in the third quarter. Geode Capital Management LLC now owns 3,980,595 shares of the company’s stock valued at $842,082,000 after buying an additional 13,325 shares during the period. Finally, BlueSpruce Investments LP lifted its stake in Dollar General by 6.8% in the third quarter. BlueSpruce Investments LP now owns 3,088,638 shares of the company’s stock valued at $655,224,000 after buying an additional 197,328 shares during the period. 90.95% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dollar General stock traded up $5.45 on Tuesday, hitting $255.63. 23,150 shares of the company’s stock traded hands, compared to its average volume of 2,147,286. Dollar General Co. has a one year low of $185.15 and a one year high of $251.54. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.12. The company has a fifty day moving average of $216.85 and a two-hundred day moving average of $218.83. The company has a market capitalization of $58.48 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.89 and a beta of 0.60.

Dollar General (NYSE:DGGet Rating) last posted its quarterly earnings results on Thursday, March 17th. The company reported $2.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.57. The business had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.71 billion. Dollar General had a return on equity of 38.64% and a net margin of 7.01%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.62 EPS. Equities research analysts anticipate that Dollar General Co. will post 11.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 19th. Stockholders of record on Tuesday, April 5th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, April 4th. This is an increase from Dollar General’s previous quarterly dividend of $0.42. This represents a $2.20 annualized dividend and a dividend yield of 0.86%. Dollar General’s dividend payout ratio is 21.65%.

In other news, EVP Emily C. Taylor sold 10,016 shares of the firm’s stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $220.20, for a total value of $2,205,523.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anita C. Elliott sold 7,502 shares of the firm’s stock in a transaction on Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total value of $1,768,221.40. Following the completion of the transaction, the chief accounting officer now directly owns 16,279 shares of the company’s stock, valued at $3,836,960.30. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

A number of brokerages recently issued reports on DG. JPMorgan Chase & Co. dropped their target price on Dollar General from $272.00 to $263.00 and set an “overweight” rating on the stock in a research report on Monday, March 14th. Piper Sandler decreased their price target on Dollar General from $270.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, March 18th. BMO Capital Markets raised their price target on Dollar General from $250.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, March 18th. Wells Fargo & Company raised their price target on Dollar General from $220.00 to $255.00 in a research note on Thursday, March 17th. Finally, Truist Financial decreased their price target on Dollar General from $228.00 to $215.00 and set a “hold” rating for the company in a research note on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $243.50.

About Dollar General (Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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