Raymond James Financial Services Advisors Inc. Has $27.92 Million Stock Position in Dollar General Co. (NYSE:DG)

Raymond James Financial Services Advisors Inc. trimmed its position in Dollar General Co. (NYSE:DG) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,332 shares of the company’s stock after selling 50,644 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.09% of Dollar General worth $27,915,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. CVA Family Office LLC purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $116,000. HB Wealth Management LLC lifted its position in shares of Dollar General by 44.2% in the fourth quarter. HB Wealth Management LLC now owns 6,468 shares of the company’s stock worth $879,000 after purchasing an additional 1,984 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of Dollar General by 16.9% in the fourth quarter. Mutual Advisors LLC now owns 4,538 shares of the company’s stock worth $617,000 after purchasing an additional 657 shares in the last quarter. SG Americas Securities LLC raised its position in Dollar General by 23.7% during the fourth quarter. SG Americas Securities LLC now owns 289,709 shares of the company’s stock valued at $39,386,000 after acquiring an additional 55,549 shares in the last quarter. Finally, Insight Wealth Strategies LLC raised its position in Dollar General by 53.5% during the fourth quarter. Insight Wealth Strategies LLC now owns 8,559 shares of the company’s stock valued at $1,164,000 after acquiring an additional 2,982 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Up 2.4 %

DG opened at $154.21 on Thursday. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $222.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. The firm’s fifty day moving average price is $142.98 and its two-hundred day moving average price is $129.36. The company has a market capitalization of $33.85 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.67 and a beta of 0.41.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the previous year, the company earned $2.96 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. On average, analysts anticipate that Dollar General Co. will post 7.33 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.53%. Dollar General’s payout ratio is presently 31.22%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DG. Piper Sandler reaffirmed a “neutral” rating and set a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Evercore ISI raised their price objective on shares of Dollar General from $158.00 to $162.00 and gave the company an “in-line” rating in a research report on Tuesday. Morgan Stanley raised their price objective on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Citigroup raised their price objective on shares of Dollar General from $115.00 to $138.00 and gave the company a “neutral” rating in a research report on Friday, December 8th. Finally, Wells Fargo & Company lifted their price target on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $155.44.

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.