Boston Trust Walden Corp Sells 55,654 Shares of Dollar General Co. (NYSE:DG)

Boston Trust Walden Corp lowered its stake in Dollar General Co. (NYSE:DG) by 61.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,483 shares of the company’s stock after selling 55,654 shares during the period. Boston Trust Walden Corp’s holdings in Dollar General were worth $3,001,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Bank & Trust Co bought a new position in shares of Dollar General in the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Dollar General in the second quarter valued at about $33,000. Studio Investment Management LLC grew its position in Dollar General by 117.7% in the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after acquiring an additional 153 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Dollar General in the second quarter valued at about $37,000. Finally, TruNorth Capital Management LLC bought a new position in Dollar General in the second quarter valued at about $39,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 1.3 %

NYSE DG opened at $80.38 on Monday. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The business has a 50 day moving average price of $89.58 and a 200-day moving average price of $116.89. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

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

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.94%. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Insider Buying and Selling

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

Analyst Ratings Changes

DG has been the topic of a number of recent analyst reports. Barclays decreased their target price on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Raymond James decreased their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and cut their price target for the company from $91.00 to $73.00 in a research note on Friday, September 27th. Finally, Truist Financial cut their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $107.84.

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.