Comerica Bank Has $2.84 Million Holdings in Dollar General Co. (NYSE:DG)

Comerica Bank decreased its stake in Dollar General Co. (NYSE:DG) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,500 shares of the company’s stock after selling 9,412 shares during the period. Comerica Bank’s holdings in Dollar General were worth $2,843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Dollar General during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the 3rd quarter valued at $33,000. Providence First Trust Co acquired a new position in shares of Dollar General in the 4th quarter valued at $33,000. Finally, Bogart Wealth LLC boosted its position in shares of Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after acquiring an additional 361 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at $4,596,951.04. This represents a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

Dollar General Stock Performance

NYSE DG opened at $92.91 on Thursday. The firm’s fifty day moving average price is $86.90 and its two-hundred day moving average price is $79.48. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $147.87. The firm has a market capitalization of $20.43 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the prior year, the firm earned $1.83 EPS. Dollar General’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Tuesday, April 8th. Dollar General’s payout ratio is presently 46.18%.

Analyst Upgrades and Downgrades

DG has been the topic of a number of recent research reports. Citigroup raised Dollar General from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $69.00 to $101.00 in a report on Monday, April 7th. Bank of America dropped their price target on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. Piper Sandler boosted their price objective on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Barclays lowered their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Finally, Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $94.75.

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.