Dollar General Corporation (NYSE:DG) Shares Bought by Sabal Trust CO

Sabal Trust CO lifted its stake in Dollar General Corporation (NYSE:DG - Free Report) by 27.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,642 shares of the company's stock after buying an additional 2,302 shares during the period. Sabal Trust CO's holdings in Dollar General were worth $936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in shares of Dollar General during the fourth quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General in the 4th quarter valued at about $25,000. Ameriflex Group Inc. purchased a new position in Dollar General during the 4th quarter worth approximately $31,000. Providence First Trust Co acquired a new position in Dollar General during the fourth quarter worth approximately $33,000. Finally, OFI Invest Asset Management purchased a new stake in Dollar General in the 4th quarter valued at $37,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DG shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Truist Financial upped their target price on Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a report on Wednesday, June 4th. Cfra Research raised Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Raymond James Financial raised their price target on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $109.08.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president now directly owns 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,216 shares of company stock worth $1,017,349. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Stock Down 0.1%

Shares of DG stock traded down $0.06 on Thursday, hitting $112.71. The stock had a trading volume of 1,990,257 shares, compared to its average volume of 4,106,615. The stock's 50 day moving average is $100.90 and its 200-day moving average is $85.73. The firm has a market capitalization of $24.80 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 2.95 and a beta of 0.26. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $135.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results 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 return on equity of 17.93% and a net margin of 2.81%. The company had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the prior year, the business posted $1.65 EPS. The business's revenue was up 5.3% on a year-over-year basis. As a group, research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's payout ratio is currently 45.04%.

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.