Dollar General Co. (NYSE:DG) Shares Sold by Ledyard National Bank

Ledyard National Bank lessened its holdings in Dollar General Co. (NYSE:DG) by 17.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,536 shares of the company’s stock after selling 1,342 shares during the period. Ledyard National Bank’s holdings in Dollar General were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of DG. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Dollar General in the 4th quarter worth $25,000. Studio Investment Management LLC purchased a new stake in Dollar General during the third quarter worth approximately $26,000. MV Capital Management Inc. increased its position 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 buying an additional 96 shares during the period. Covestor Ltd increased its holdings in shares of 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 purchasing an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of Dollar General in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity

In other Dollar General news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction dated 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 transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred 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 transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a legal filing 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 on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of 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. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DG. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Morgan Stanley increased their price target on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $124.00 to $154.00 in a research report on Thursday, January 4th. Raymond James boosted their target price on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, Truist Financial upped their price target on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $153.08.

Dollar General Trading Down 0.7 %

Dollar General stock traded down $0.93 during mid-day trading on Tuesday, hitting $140.22. The company’s stock had a trading volume of 427,144 shares, compared to its average volume of 2,292,700. The stock has a market cap of $30.80 billion, a PE ratio of 18.67, a P/E/G ratio of 2.54 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. Dollar General Co. has a one year low of $101.09 and a one year high of $221.50. The company has a 50 day moving average of $150.36 and a 200-day moving average of $136.17.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the firm posted $2.96 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, research analysts anticipate that Dollar General Co. will post 7.28 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a $0.59 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.68%. Dollar General’s dividend payout ratio is currently 31.22%.

About Dollar General

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.