Dollar General Co. (NYSE:DG) Shares Sold by UMB Bank n.a.

UMB Bank n.a. lessened its stake in Dollar General Co. (NYSE:DG) by 35.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 530 shares of the company’s stock after selling 293 shares during the quarter. UMB Bank n.a.’s holdings in Dollar General were worth $40,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in Dollar General in the 2nd quarter valued at $46,000. Pathway Financial Advisers LLC boosted its position in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after acquiring an additional 88 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Dollar General during the 3rd quarter valued at about $33,000. ORG Wealth Partners LLC acquired a new stake in Dollar General in the 3rd quarter valued at about $57,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of Dollar General by 37.7% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock worth $67,000 after purchasing an additional 217 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

DG has been the topic of a number of recent research reports. Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company reduced their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. JPMorgan Chase & Co. cut their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Bernstein Bank reduced their target price on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Finally, BMO Capital Markets raised their price objective on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $96.77.

Dollar General Stock Up 0.8 %

Shares of NYSE DG opened at $71.91 on Friday. The stock has a market cap of $15.81 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.11 and a beta of 0.44. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The business has a 50-day moving average price of $75.00 and a 200 day moving average price of $89.88. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.28%. Dollar General’s dividend payout ratio (DPR) is currently 38.88%.

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.