Intrust Bank NA purchased a new position in shares of Dollar General Corp. (NYSE:DG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,173 shares of the company’s stock, valued at approximately $202,000.
Other large investors also recently bought and sold shares of the company. Signition LP bought a new position in shares of Dollar General during the 4th quarter worth approximately $314,000. Global Financial Private Capital LLC bought a new position in shares of Dollar General during the 4th quarter worth approximately $1,461,000. The Manufacturers Life Insurance Company boosted its stake in shares of Dollar General by 11.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 341,729 shares of the company’s stock worth $31,785,000 after acquiring an additional 36,319 shares during the period. Keybank National Association OH boosted its stake in shares of Dollar General by 28.7% during the 4th quarter. Keybank National Association OH now owns 25,870 shares of the company’s stock worth $2,406,000 after acquiring an additional 5,771 shares during the period. Finally, Greenleaf Trust boosted its stake in shares of Dollar General by 2.4% during the 4th quarter. Greenleaf Trust now owns 82,109 shares of the company’s stock worth $7,637,000 after acquiring an additional 1,953 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.
Dollar General Corp. (NYSE DG) opened at $97.73 on Friday. The firm has a market capitalization of $26,735.43, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. Dollar General Corp. has a fifty-two week low of $65.97 and a fifty-two week high of $105.82.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.04 annualized dividend and a yield of 1.06%. Dollar General’s dividend payout ratio is presently 23.01%.
In other Dollar General news, EVP Robert D. Ravener sold 11,368 shares of Dollar General stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total value of $1,055,064.08. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $2,097,320.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Anita C. Elliott sold 2,012 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $92.82, for a total value of $186,753.84. Following the transaction, the senior vice president now directly owns 14,969 shares of the company’s stock, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock valued at $1,924,881 over the last ninety days. Insiders own 0.22% of the company’s stock.
DG has been the subject of several research analyst reports. BMO Capital Markets set a $102.00 target price on Dollar General and gave the stock a “hold” rating in a research note on Friday, December 8th. Raymond James Financial set a $107.00 target price on Dollar General and gave the stock a “buy” rating in a research note on Saturday, December 9th. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Deutsche Bank lifted their target price on Dollar General to $97.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Finally, Citigroup initiated coverage on Dollar General in a research note on Tuesday, January 16th. They set an “outperform” rating and a $112.00 target price for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Dollar General presently has a consensus rating of “Buy” and a consensus price target of $91.98.
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About Dollar General
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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