NBC Securities Inc. Sells 116 Shares of Dollar General Co. (NYSE:DG)

NBC Securities Inc. lowered its holdings in Dollar General Co. (NYSE:DG) by 5.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,912 shares of the company’s stock after selling 116 shares during the period. NBC Securities Inc.’s holdings in Dollar General were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Dollar General by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. Capital International Investors grew its position in shares of Dollar General by 13.9% in the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after acquiring an additional 2,273,119 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Dollar General by 162.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after acquiring an additional 11,257,537 shares during the period. Capital World Investors grew its position in shares of Dollar General by 1.0% in the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after acquiring an additional 133,591 shares during the period. Finally, Norges Bank acquired a new stake in shares of Dollar General during the 4th quarter worth about $337,150,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 1.0 %

DG opened at $128.77 on Friday. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $173.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 2.51 and a beta of 0.45. The company’s 50 day moving average price is $137.25 and its two-hundred day moving average price is $139.95.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 EPS. As a group, research analysts predict that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be given a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.83%. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Insider Transactions at Dollar General

In other 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 value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’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 transaction, the executive vice president now owns 28,579 shares in the company, 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.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DG shares. The Goldman Sachs Group raised their target price on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Raymond James raised their target price 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 raised their target price 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. Wells Fargo & Company dropped their price objective on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Finally, Piper Sandler dropped their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $148.00.

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.