Fulton Bank N.A. lifted its stake in shares of Dollar General Co. (NYSE:DG – Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,439 shares of the company’s stock after buying an additional 128 shares during the quarter. Fulton Bank N.A.’s holdings in Dollar General were worth $332,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Dollar General by 18.9% during the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after buying an additional 3,457,393 shares during the last quarter. State Street Corp lifted its stake in shares of Dollar General by 11.3% during the 1st quarter. State Street Corp now owns 9,765,333 shares of the company’s stock worth $2,055,202,000 after buying an additional 994,813 shares during the last quarter. Morgan Stanley lifted its stake in shares of Dollar General by 38.5% during the 4th quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock worth $1,168,329,000 after buying an additional 1,318,412 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Dollar General by 2.8% during the 3rd quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock worth $248,278,000 after buying an additional 62,913 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Dollar General during the 4th quarter worth about $564,881,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
Dollar General Trading Up 0.3 %
DG opened at $159.55 on Monday. 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 has a market capitalization of $35.05 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.85 and a beta of 0.42. The company’s 50 day moving average price is $146.69 and its two-hundred day moving average price is $131.53.
Dollar General (NYSE:DG – Get Free Report) last posted its 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 analyst estimates of $9.77 billion. During the same period in the previous year, the firm posted $2.96 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts predict that Dollar General Co. will post 7.28 earnings per share for the current year.
Dollar General Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.
Insider Activity
In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.60% of the company’s stock.
Analysts Set New Price Targets
DG has been the subject of several analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. JPMorgan Chase & Co. upgraded shares of Dollar General from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $120.00 to $158.00 in a research note on Tuesday, March 12th. Raymond James lifted their price objective on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a research note on Tuesday, April 2nd. Finally, 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 research note on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $152.96.
View Our Latest Stock Report on Dollar General
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.
See Also
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