Bokf Na Has $578,000 Holdings in Dollar General Co. (NYSE:DG)

Bokf Na decreased its position in shares of Dollar General Co. (NYSE:DG) by 28.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,372 shares of the company’s stock after selling 1,749 shares during the quarter. Bokf Na’s holdings in Dollar General were worth $578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Burkett Financial Services LLC bought a new stake in Dollar General during the fourth quarter worth about $26,000. Fortis Group Advisors LLC lifted its holdings in shares of Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Bank & Trust Co bought a new position in shares of Dollar General in the second quarter worth about $26,000. Salem Investment Counselors Inc. lifted its holdings in shares of Dollar General by 104.9% in the first quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after acquiring an additional 128 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar General in the second quarter worth about $33,000. Institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In related news, Director Warren F. Bryant acquired 1,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the purchase, the director now owns 42,030 shares in the company, valued at $3,397,284.90. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dollar General news, Director Warren F. Bryant bought 500 shares of the stock in a transaction dated 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 purchase, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the purchase, the director now directly owns 42,030 shares in the company, valued at $3,397,284.90. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DG. Gordon Haskett cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Friday, August 30th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. 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 report on Monday, August 26th. JPMorgan Chase & Co. dropped their price objective on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a report on Friday, August 30th. Finally, Telsey Advisory Group downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $168.00 to $103.00 in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average target price of $113.95.

Dollar General Stock Performance

Shares of DG stock opened at $84.75 on Monday. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The firm has a 50 day moving average of $112.80 and a 200-day moving average of $131.96. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (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 during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. Dollar General’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

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.