Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 75 Shares of Dollar General Co. (NYSE:DG)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in Dollar General Co. (NYSE:DG) by 17.2% during the 4th quarter, Holdings Channel reports. The firm owned 360 shares of the company’s stock after selling 75 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Dollar General were worth $48,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Dollar General in the fourth quarter worth $25,000. Studio Investment Management LLC acquired a new stake in Dollar General during the 3rd quarter worth $26,000. MV Capital Management Inc. lifted its holdings in 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 in the last quarter. Covestor Ltd grew its stake in Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock valued at $33,000 after acquiring an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of Dollar General in the fourth quarter worth about $33,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction 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 sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Stock Down 0.1 %

DG stock opened at $142.73 on Wednesday. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $222.99. The business’s 50 day simple moving average is $149.98 and its 200 day simple moving average is $135.07. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $31.35 billion, a PE ratio of 18.88, a PEG ratio of 2.55 and a beta of 0.42.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 EPS 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 during the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the previous year, the business posted $2.96 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 1.65%. Dollar General’s dividend payout ratio (DPR) is 31.22%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DG. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Barclays raised shares of Dollar General from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Raymond James boosted their price objective on shares of Dollar General from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Morgan Stanley increased their target price on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Piper Sandler restated a “neutral” rating and issued a $147.00 price target (up from $127.00) on shares of Dollar General in a report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $153.08.

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.