Dollar General Co. (NYSE:DG) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust lowered its stake in shares of Dollar General Co. (NYSE:DG) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,712 shares of the company’s stock after selling 687 shares during the quarter. FineMark National Bank & Trust’s holdings in Dollar General were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Dollar General during the fourth quarter worth approximately $25,000. MV Capital Management Inc. grew its position in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of Dollar General during the fourth quarter worth approximately $33,000. Studio Investment Management LLC purchased a new position in shares of Dollar General during the third quarter worth approximately $26,000. Finally, Quest Partners LLC purchased a new position in shares of Dollar General during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity at Dollar General

In related news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Trading Up 4.4 %

NYSE:DG opened at $145.23 on Friday. The stock has a fifty day simple moving average of $146.72 and a 200-day simple moving average of $139.04. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $206.26. The company has a market capitalization of $31.90 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the previous year, the company posted $2.96 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts expect that Dollar General Co. will post 7.27 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.63%. The ex-dividend date was Monday, April 8th. Dollar General’s payout ratio is 31.22%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Argus lifted their price objective on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Piper Sandler reiterated a “neutral” rating and issued a $147.00 price objective (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $158.00 to $161.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Finally, Truist Financial lifted their price objective on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Dollar General has a consensus rating of “Hold” and a consensus price target of $153.08.

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.