Private Trust Co. NA lessened its position in Dollar General Co. (NYSE:DG – Free Report) by 15.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,280 shares of the company’s stock after selling 228 shares during the period. Private Trust Co. NA’s holdings in Dollar General were worth $174,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of DG. Comerica Bank bought a new stake in shares of Dollar General during the 3rd quarter worth about $12,047,000. Professional Advisory Services Inc. boosted its holdings in shares of Dollar General by 12.6% during the 4th quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock worth $20,523,000 after buying an additional 16,899 shares during the period. Live Oak Private Wealth LLC bought a new stake in shares of Dollar General during the 3rd quarter worth about $1,374,000. Nine27 Capital Management LP bought a new stake in shares of Dollar General during the 3rd quarter worth about $5,290,000. Finally, Assetmark Inc. boosted its holdings in shares of Dollar General by 44.6% during the 3rd quarter. Assetmark Inc. now owns 36,485 shares of the company’s stock worth $3,860,000 after buying an additional 11,260 shares during the period. Institutional investors own 91.77% of the company’s stock.
Dollar General Price Performance
DG stock opened at $156.72 on Tuesday. The company has a 50 day simple moving average of $147.15 and a 200 day simple moving average of $131.86. The stock has a market cap of $34.43 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 2.85 and a beta of 0.42. Dollar General Co. has a 1 year low of $101.09 and a 1 year 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.
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. Research analysts anticipate that Dollar General Co. will post 7.28 EPS for the current fiscal year.
Dollar General Dividend Announcement
The firm also recently announced 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. This represents a $2.36 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Monday, April 8th. Dollar General’s payout ratio is 31.22%.
Insiders Place Their Bets
In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
Several analysts have weighed in on DG shares. 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. BMO Capital Markets lifted their price objective on shares of Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a research note on Friday, March 15th. 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. Morgan Stanley lifted their price objective on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $152.96.
Check Out Our Latest Stock Report on Dollar General
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.
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