First Mercantile Trust Co. trimmed its holdings in Dollar General Corp. (NYSE:DG) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,466 shares of the company’s stock after selling 1,341 shares during the quarter. First Mercantile Trust Co.’s holdings in Dollar General were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Calton & Associates Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at about $144,000. MUFG Securities EMEA plc acquired a new position in shares of Dollar General in the 4th quarter valued at about $7,813,000. Patten Group Inc. lifted its stake in shares of Dollar General by 35.1% in the 4th quarter. Patten Group Inc. now owns 4,059 shares of the company’s stock valued at $378,000 after purchasing an additional 1,055 shares during the period. Raymond James Trust N.A. acquired a new position in shares of Dollar General in the 4th quarter valued at about $225,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Dollar General by 737.3% in the 4th quarter. Meeder Asset Management Inc. now owns 19,299 shares of the company’s stock valued at $1,795,000 after purchasing an additional 16,994 shares during the period. 90.24% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on DG. Telsey Advisory Group raised Dollar General from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $98.00 to $120.00 in a research note on Thursday, January 25th. Wells Fargo & Co raised Dollar General from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $102.27 to $117.00 in a research note on Tuesday, January 23rd. Citigroup initiated coverage on Dollar General in a research note on Tuesday, January 16th. They set an “outperform” rating and a $112.00 price target on the stock. Oppenheimer initiated coverage on Dollar General in a research note on Wednesday, January 17th. They set an “outperform” rating and a $112.00 price target on the stock. Finally, ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Dollar General presently has a consensus rating of “Buy” and an average target price of $91.98.
Shares of Dollar General Corp. (DG) traded down $0.22 during trading on Wednesday, hitting $96.64. The stock had a trading volume of 1,572,621 shares, compared to its average volume of 2,430,816. The stock has a market capitalization of $26,280.00, a P/E ratio of 21.46, a PEG ratio of 1.58 and a beta of 1.00. Dollar General Corp. has a 12-month low of $65.97 and a 12-month high of $105.82. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47.
Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.01). The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. equities analysts expect that Dollar General Corp. will post 4.5 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, January 8th. Dollar General’s dividend payout ratio is presently 23.06%.
In other news, SVP Michael J. Kindy sold 7,536 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the completion of the transaction, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at $686,869.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $92.82, for a total value of $186,753.84. Following the completion of the transaction, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at $1,389,422.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,916 shares of company stock valued at $1,924,881. 0.32% of the stock is currently owned by corporate insiders.
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Dollar General Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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