Oakworth Capital Inc. Sells 108 Shares of Dollar General Co. (NYSE:DG)

Oakworth Capital Inc. lessened its stake in shares of Dollar General Co. (NYSE:DG) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,709 shares of the company’s stock after selling 108 shares during the quarter. Oakworth Capital Inc.’s holdings in Dollar General were worth $640,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Dollar General by 18.9% in the 3rd quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after acquiring an additional 3,457,393 shares during the period. State Street Corp raised its position in shares of Dollar General by 11.3% during the first quarter. State Street Corp now owns 9,765,333 shares of the company’s stock worth $2,055,202,000 after acquiring an additional 994,813 shares during the last quarter. Morgan Stanley increased its position in Dollar General by 38.5% during the 4th quarter. Morgan Stanley now owns 4,744,478 shares of the company’s stock valued at $1,168,329,000 after purchasing an additional 1,318,412 shares during the period. Northern Trust Corp raised its stake in Dollar General by 2.8% during the third quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock worth $248,278,000 after buying an additional 62,913 shares during the last quarter. Finally, Norges Bank bought a new stake in Dollar General during the fourth quarter valued at $564,881,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DG. BMO Capital Markets boosted their price objective on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Raymond James increased their target price on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. The Goldman Sachs Group upped their price target on Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Finally, Piper Sandler reissued a “neutral” rating and issued a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $153.08.

Dollar General Stock Performance

DG stock traded up $0.53 during mid-day trading on Wednesday, hitting $145.52. The company had a trading volume of 1,266,722 shares, compared to its average volume of 2,380,894. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The firm has a market cap of $31.97 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.42. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The stock’s fifty day moving average price is $149.05 and its two-hundred day moving average price is $133.71.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the firm posted $2.96 EPS. Dollar General’s revenue was down 3.4% on a year-over-year basis. On average, analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is currently 31.22%.

Insider Buying and Selling at Dollar General

In other news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.