Whittier Trust Co. Has $7.63 Million Stake in Dollar General Co. (NYSE:DG)

Whittier Trust Co. boosted its stake in Dollar General Co. (NYSE:DG) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,701 shares of the company’s stock after purchasing an additional 1,302 shares during the period. Whittier Trust Co.’s holdings in Dollar General were worth $7,634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in Dollar General during the 4th quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General during the 3rd quarter worth about $33,000. Providence First Trust Co acquired a new stake in Dollar General during the 4th quarter worth about $33,000. Bogart Wealth LLC grew its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after acquiring an additional 361 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Dollar General during the 4th quarter worth about $37,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on DG. Piper Sandler increased their price objective on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, March 14th. Bank of America cut their price objective on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. BMO Capital Markets increased their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Barclays cut their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Finally, UBS Group cut their price objective on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $92.26.

Dollar General Stock Performance

Shares of DG stock opened at $81.73 on Friday. The firm has a 50-day moving average of $74.33 and a 200-day moving average of $77.76. The company has a market cap of $17.97 billion, a P/E ratio of 13.46, a P/E/G ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a one year low of $66.43 and a one year high of $164.12.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter last year, the company posted $1.83 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast 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 will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.89%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Insider Buying and Selling

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

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.