State of Alaska Department of Revenue Has $6.24 Million Position in Dollar General Co. (NYSE:DG)

State of Alaska Department of Revenue lessened its stake in shares of Dollar General Co. (NYSE:DG) by 39.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,011 shares of the company’s stock after selling 26,353 shares during the period. State of Alaska Department of Revenue’s holdings in Dollar General were worth $6,243,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Dollar General by 12.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock worth $108,000 after purchasing an additional 76 shares during the period. ORG Partners LLC lifted its holdings in Dollar General by 13.2% during the 4th quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after buying an additional 88 shares during the period. Rise Advisors LLC grew its position in shares of Dollar General by 14.8% in the 1st quarter. Rise Advisors LLC now owns 700 shares of the company’s stock valued at $109,000 after buying an additional 90 shares during the last quarter. Horrell Capital Management Inc. increased its stake in shares of Dollar General by 0.3% in the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock valued at $3,973,000 after buying an additional 94 shares during the period. Finally, MV Capital Management Inc. raised its position in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Insider Activity at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Piper Sandler decreased their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Wednesday, March 6th. Argus increased their price target on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Loop Capital boosted their price objective on Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $148.09.

Dollar General Price Performance

DG stock opened at $125.43 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The business has a 50-day simple moving average of $135.26 and a two-hundred day simple moving average of $140.06. The company has a market capitalization of $27.58 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.55 and a beta of 0.43. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $173.47.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.08. The company had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. Dollar General’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.34 earnings per share. Research analysts expect that Dollar General Co. will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 annualized dividend and a dividend yield of 1.88%. Dollar General’s dividend payout ratio is currently 34.35%.

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.