CIBC Asset Management Inc Has $4.75 Million Holdings in Dollar General Co. (NYSE:DG) (2024)

CIBC Asset Management Inc lessened its position in Dollar General Co. (NYSE:DG – Free Report) by 43.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,930 shares of the company’s stock after selling 26,665 shares during the period. CIBC Asset Management Inc’s holdings in Dollar General were worth $4,749,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DG. McGlone Suttner Wealth Management Inc. bought a new position in Dollar General in the fourth quarter worth approximately $25,000. Burkett Financial Services LLC bought a new position in shares of Dollar General in the fourth quarter valued at approximately $26,000. MV Capital Management Inc. raised its stake in shares of Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the period. Lowe Wealth Advisors LLC purchased a new position in Dollar General in the fourth quarter valued at about $33,000. Finally, Studio Investment Management LLC bought a new position in shares of Dollar General during the 3rd quarter valued at approximately $26,000. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DG has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. BMO Capital Markets decreased their price target on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Evercore ISI dropped their price objective on shares of Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a report on Tuesday, April 2nd. Finally, Argus boosted their target price on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Dollar General currently has an average rating of “Hold” and a consensus price target of $149.43.

Insider Buying and Selling at Dollar General

In related news, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The stock was 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 owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Price Performance

DG opened at $134.42 on Thursday. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $173.47. 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 company’s 50-day simple moving average is $144.20 and its two-hundred day simple moving average is $140.05. The stock has a market capitalization of $29.56 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.63 and a beta of 0.45.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors 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 dividend on an annualized basis and a yield of 1.76%. Dollar General’s dividend payout ratio is currently 34.35%.

Dollar General Company Profile

(Free Report)

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.