Dollar General Co. (NYSE:DG) Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in shares of Dollar General Co. (NYSE:DG) by 28.5% in the third quarter, HoldingsChannel reports. The fund owned 19,058 shares of the company’s stock after selling 7,584 shares during the quarter. US Bancorp DE’s holdings in Dollar General were worth $1,612,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DG. Capital International Investors increased its stake in Dollar General by 11.3% during the first quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock worth $3,244,491,000 after acquiring an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Dollar General by 11.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock worth $3,155,141,000 after purchasing an additional 2,031,593 shares during the period. Point72 Asset Management L.P. increased its position in Dollar General by 148.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after purchasing an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Dollar General by 319.6% in the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after buying an additional 704,639 shares during the period. Finally, Interval Partners LP acquired a new position in Dollar General during the first quarter valued at approximately $87,081,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of Dollar General stock opened at $78.07 on Friday. The firm has a market cap of $17.17 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. Dollar General Co. has a 1 year low of $77.22 and a 1 year high of $168.07. The firm’s 50-day simple moving average is $82.68 and its 200-day simple moving average is $113.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the prior year, the business earned $2.13 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts forecast that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 3.02%. Dollar General’s payout ratio is 36.65%.

Analyst Ratings Changes

DG has been the subject of several recent research reports. Truist Financial dropped their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and cut their price objective for the company from $91.00 to $73.00 in a research report on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a research report on Tuesday. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $168.00 to $103.00 in a report on Friday, August 30th. Finally, Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $107.05.

Insiders Place Their Bets

In related news, Director Warren F. Bryant bought 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.