Kentucky Trust Co Buys Shares of 627 Dollar General Co. (NYSE:DG)

Kentucky Trust Co acquired a new position in Dollar General Co. (NYSE:DG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 627 shares of the company’s stock, valued at approximately $48,000.

A number of other institutional investors have also made changes to their positions in DG. Pzena Investment Management LLC increased its stake in shares of Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the period. Baupost Group LLC MA bought a new position in shares of Dollar General in the third quarter worth about $194,832,000. State Street Corp increased its stake in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after purchasing an additional 759,869 shares during the period. Worldquant Millennium Advisors LLC bought a new position in shares of Dollar General in the third quarter worth about $32,932,000. Finally, Equity Investment Corp increased its stake in shares of Dollar General by 60.8% in the third quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock worth $80,454,000 after purchasing an additional 359,757 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on DG. BMO Capital Markets lifted their price objective on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Friday, December 6th. Truist Financial decreased their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Morgan Stanley decreased their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, Sanford C. Bernstein assumed coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 target price on the stock. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $96.77.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company’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 sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Performance

NYSE:DG opened at $73.83 on Thursday. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07. The firm has a 50 day moving average of $74.14 and a 200-day moving average of $85.02. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $16.24 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 2.08 and a beta of 0.43.

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

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

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.