CENTRAL TRUST Co Raises Stock Position in Dollar General Corporation (NYSE:DG)

CENTRAL TRUST Co increased its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 496.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,489 shares of the company's stock after buying an additional 3,736 shares during the period. CENTRAL TRUST Co's holdings in Dollar General were worth $395,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new stake in Dollar General during the fourth quarter worth $25,000. IMG Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter worth $25,000. Providence First Trust Co purchased a new position in Dollar General during the fourth quarter valued at $33,000. Ameriflex Group Inc. purchased a new position in Dollar General during the fourth quarter valued at $31,000. Finally, Venturi Wealth Management LLC lifted its holdings in Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock valued at $38,000 after purchasing an additional 278 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DG shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $80.00 price objective (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Cfra Research raised shares of Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Evercore ISI increased their price objective on shares of Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a report on Thursday, June 5th. Raymond James Financial increased their price objective on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $109.04.

Dollar General Trading Down 0.7%

Shares of DG traded down $0.84 during trading on Friday, reaching $111.47. 4,972,260 shares of the company traded hands, compared to its average volume of 4,097,442. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $135.46. The stock has a market cap of $24.53 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.26. The stock has a 50-day simple moving average of $99.44 and a 200-day simple moving average of $85.04. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the firm posted $1.65 earnings per share. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.12%. Dollar General's dividend payout ratio is currently 45.04%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president now owns 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,216 shares of company stock worth $1,017,349 over the last 90 days. 0.56% of the stock is owned by 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.