Dollar General Co. (NYSE:DG) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its holdings in shares of Dollar General Co. (NYSE:DG) by 18.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,795 shares of the company’s stock after selling 8,361 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Dollar General were worth $2,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DG. Metis Global Partners LLC boosted its position in shares of Dollar General by 2.0% during the third quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after buying an additional 135 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock valued at $143,000 after acquiring an additional 150 shares during the period. Empirical Finance LLC boosted its holdings in Dollar General by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock valued at $657,000 after acquiring an additional 153 shares during the period. Bruce G. Allen Investments LLC grew its position in Dollar General by 20.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after acquiring an additional 161 shares in the last quarter. Finally, Peoples Bank KS increased its stake in Dollar General by 19.1% during the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock worth $109,000 after purchasing an additional 230 shares during the period. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

Shares of DG stock opened at $79.15 on Friday. The stock’s 50-day moving average is $73.69 and its two-hundred day moving average is $78.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.83 earnings per share. Analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General’s dividend payout ratio is presently 38.88%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research reports. Citigroup dropped their price objective on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a report on Friday, March 7th. Truist Financial dropped their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. UBS Group cut their price objective on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Bernstein Bank decreased their target price on Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Finally, Morgan Stanley cut their price target on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Dollar General has an average rating of “Hold” and an average target price of $92.26.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of the company’s 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 completion of the sale, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This 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 through this link. 0.49% of the stock is owned by insiders.

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.