Whittier Trust Co. of Nevada Inc. Buys 1,777 Shares of Dollar General Co. (NYSE:DG)

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Dollar General Co. (NYSE:DG) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 57,157 shares of the company’s stock after purchasing an additional 1,777 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Dollar General were worth $4,333,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. boosted its holdings in Dollar General by 1.3% in the 4th quarter. Whittier Trust Co. now owns 100,701 shares of the company’s stock valued at $7,634,000 after purchasing an additional 1,302 shares during the period. Magnetar Financial LLC bought a new stake in Dollar General during the fourth quarter valued at $370,000. Kazazian Asset Management LLC bought a new stake in Dollar General during the fourth quarter valued at $1,024,000. Platinum Investment Management Ltd. purchased a new position in Dollar General during the fourth quarter worth about $87,000. Finally, Xponance Inc. increased its stake in Dollar General by 1.5% in the 4th quarter. Xponance Inc. now owns 31,098 shares of the company’s stock worth $2,358,000 after acquiring an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DG. Piper Sandler lifted their price target on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, March 14th. Telsey Advisory Group reiterated a “market perform” rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday, March 13th. BMO Capital Markets increased their price target on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Wells Fargo & Company dropped their price objective on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Finally, UBS Group cut their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.26.

Dollar General Stock Performance

Shares of NYSE:DG opened at $83.84 on Friday. 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 company has a market cap of $18.44 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $164.12. The company has a 50-day moving average price of $74.58 and a 200-day moving average price of $77.76.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion during the quarter, compared to analysts’ expectations of $10.26 billion. During the same quarter last year, the business posted $1.83 EPS. The business’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.82%. Dollar General’s dividend payout ratio is 46.18%.

Insider Activity

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

About Dollar General

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.