Dollar General Co. (NYSE:DG) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its holdings in Dollar General Co. (NYSE:DG) by 37.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,946 shares of the company’s stock after selling 21,820 shares during the period. Truist Financial Corp’s holdings in Dollar General were worth $2,801,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DG. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the third quarter worth approximately $33,000. Bogart Wealth LLC boosted its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth approximately $39,000. Kentucky Trust Co acquired a new stake in shares of Dollar General during the fourth quarter worth approximately $48,000. Finally, Studio Investment Management LLC lifted its stake in Dollar General by 200.4% in the third quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock valued at $72,000 after acquiring an additional 567 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $78.53 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market cap of $17.27 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.18 and a beta of 0.43. The stock has a 50-day moving average of $73.39 and a 200-day moving average of $81.88. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.01%. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Insider Activity

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

Analyst Ratings Changes

DG has been the subject of a number of analyst reports. Morgan Stanley reduced their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Telsey Advisory Group dropped their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. Evercore ISI dropped their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. BMO Capital Markets boosted their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $96.77.

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.