Dollar General Co. (NYSE:DG) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. lowered its holdings in Dollar General Co. (NYSE:DG) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,709 shares of the company’s stock after selling 108 shares during the period. Oakworth Capital Inc.’s holdings in Dollar General were worth $640,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Manhattan Co. increased its position in shares of Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after acquiring an additional 85 shares in the last quarter. Financial Freedom LLC purchased a new position in Dollar General during the 4th quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Dollar General in the 1st quarter valued at about $28,000. Atlas Capital Advisors LLC purchased a new stake in shares of Dollar General in the second quarter worth approximately $32,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth approximately $25,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DG. Morgan Stanley lifted their target price on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Wells Fargo & Company boosted their price target on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $124.00 to $154.00 in a report on Thursday, January 4th. Piper Sandler reiterated a “neutral” rating and set a $147.00 price target (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Finally, Argus increased their price objective on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $153.08.

Dollar General Stock Performance

Shares of NYSE:DG traded up $0.53 during trading on Wednesday, hitting $145.52. 1,266,722 shares of the stock were exchanged, compared to its average volume of 2,380,894. The company has a market capitalization of $31.97 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $222.99. The company’s fifty day simple moving average is $149.05 and its 200-day simple moving average is $133.71.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The firm had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.96 earnings per share. Sell-side analysts expect that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, April 8th. Dollar General’s payout ratio is 31.22%.

Dollar General 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.