Dollar General Corporation (NYSE:DG) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 4.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,911 shares of the company's stock after acquiring an additional 2,754 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Dollar General were worth $5,268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. lifted its holdings in Dollar General by 3.7% during the 1st quarter. Whittier Trust Co. now owns 104,427 shares of the company's stock valued at $9,182,000 after buying an additional 3,726 shares in the last quarter. Mountain Hill Investment Partners Corp. lifted its holdings in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares during the period. Poehling Capital Management INC. increased its holdings in shares of Dollar General by 5.0% in the 1st quarter. Poehling Capital Management INC. now owns 45,939 shares of the company's stock valued at $4,039,000 after acquiring an additional 2,168 shares during the period. Asahi Life Asset Management CO. LTD. bought a new position in Dollar General in the first quarter worth about $378,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Dollar General during the 1st quarter valued at $267,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Performance

DG traded down $3.09 during trading on Thursday, hitting $109.48. The stock had a trading volume of 2,725,828 shares, compared to its average volume of 4,114,153. The firm has a market capitalization of $24.09 billion, a P/E ratio of 20.92, a PEG ratio of 2.78 and a beta of 0.31. 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 Corporation has a twelve month low of $66.43 and a twelve month high of $126.98. The company's 50-day moving average price is $107.03 and its 200 day moving average price is $89.56.

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

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president directly owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on DG. Raymond James Financial lifted their price target on Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Loop Capital upped their target price on Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research note on Thursday, July 10th. Wells Fargo & Company raised their price objective on shares of Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Truist Financial lifted their price target on Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research note on Wednesday, June 4th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $107.04.

Dollar General 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.