Legacy Wealth Asset Management LLC Sells 2,644 Shares of Dollar General Co. (NYSE:DG)

Legacy Wealth Asset Management LLC lessened its stake in shares of Dollar General Co. (NYSE:DG) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,982 shares of the company’s stock after selling 2,644 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Dollar General were worth $1,136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Dollar General by 27.8% in the second quarter. American Century Companies Inc. now owns 44,805 shares of the company’s stock worth $5,925,000 after purchasing an additional 9,757 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Dollar General by 1,500.9% in the 2nd quarter. Federated Hermes Inc. now owns 19,339 shares of the company’s stock worth $2,557,000 after buying an additional 18,131 shares during the period. Primecap Management Co. CA increased its stake in Dollar General by 34.7% in the 2nd quarter. Primecap Management Co. CA now owns 126,550 shares of the company’s stock worth $16,734,000 after buying an additional 32,600 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Dollar General by 11.7% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,460 shares of the company’s stock valued at $458,000 after acquiring an additional 362 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Dollar General by 3.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,416 shares of the company’s stock valued at $2,959,000 after acquiring an additional 738 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE DG opened at $69.35 on Friday. The business’s 50 day moving average price is $75.88 and its 200-day moving average price is $92.44. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The company has a market cap of $15.25 billion, a P/E ratio of 11.42, a P/E/G ratio of 2.12 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 EPS. Sell-side analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.40%. The ex-dividend date is Tuesday, January 7th. Dollar General’s payout ratio is currently 38.88%.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on Dollar General from $122.00 to $104.00 and set a “buy” rating for the company in a research report on Friday, December 6th. JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Evercore ISI lowered their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. Sanford C. Bernstein started coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price for the company. Finally, Jefferies Financial Group reduced their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Dollar General currently has an average rating of “Hold” and an average price target of $98.18.

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.