Dollar General Co. (NYSE:DG) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in shares of Dollar General Co. (NYSE:DG) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 253,053 shares of the company’s stock after buying an additional 6,372 shares during the quarter. Principal Financial Group Inc.’s holdings in Dollar General were worth $21,401,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC increased its stake in Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after purchasing an additional 103 shares in the last quarter. Wedbush Securities Inc. lifted its position in Dollar General by 7.3% in the second quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock valued at $220,000 after purchasing an additional 113 shares during the period. Lummis Asset Management LP boosted its holdings in Dollar General by 1.2% in the 2nd quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock valued at $1,245,000 after purchasing an additional 115 shares in the last quarter. Finally, Tandem Investment Advisors Inc. raised its stake in shares of Dollar General by 5.9% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 2,418 shares of the company’s stock worth $320,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity

In related news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was 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 in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DG shares. JPMorgan Chase & Co. decreased their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. UBS Group dropped their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Truist Financial lowered their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Finally, The Goldman Sachs Group cut their price target on Dollar General from $122.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.27.

Dollar General Trading Up 0.0 %

NYSE DG opened at $74.64 on Thursday. 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 company has a market cap of $16.42 billion, a P/E ratio of 12.30, a P/E/G ratio of 2.37 and a beta of 0.44. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07. The company has a 50-day moving average of $78.16 and a 200-day moving average of $98.29.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $1.26 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts predict that Dollar General Co. will post 5.77 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.16%. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

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.