Truist Financial Corp Sells 133,859 Shares of Dollar General Co. (NYSE:DG)

Truist Financial Corp trimmed its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,745 shares of the company's stock after selling 133,859 shares during the period. Truist Financial Corp owned approximately 0.11% of Dollar General worth $31,370,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. McGlone Suttner Wealth Management Inc. bought a new stake in Dollar General during the 4th quarter worth about $25,000. Studio Investment Management LLC acquired a new stake in shares of Dollar General during the 3rd quarter worth approximately $26,000. MV Capital Management Inc. raised its stake in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company's stock worth $30,000 after buying an additional 96 shares during the last quarter. Covestor Ltd lifted its holdings in Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company's stock valued at $33,000 after buying an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC bought a new position in Dollar General in the fourth quarter valued at approximately $33,000. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Down 0.6 %

Dollar General stock traded down $0.92 during midday trading on Monday, reaching $141.15. The stock had a trading volume of 2,381,592 shares, compared to its average volume of 2,315,727. The stock has a market capitalization of $31.01 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 2.54 and a beta of 0.42. The firm's fifty day simple moving average is $150.36 and its 200-day simple moving average is $136.17. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $221.50.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $9.77 billion. During the same period last year, the business earned $2.96 EPS. The business's quarterly revenue was down 3.4% on a year-over-year basis. As a group, analysts expect that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, April 8th. Dollar General's payout ratio is 31.22%.

Insider Activity at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business's stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now owns 3,248 shares of the company's stock, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction dated Thursday, April 11th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DG has been the subject of several recent research reports. Morgan Stanley upped their target price on shares of Dollar General from $160.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, March 15th. JPMorgan Chase & Co. upped their price objective on Dollar General from $158.00 to $161.00 and gave the company a "neutral" rating in a report on Monday, April 15th. The Goldman Sachs Group increased their target price on Dollar General from $147.00 to $169.00 and gave the company a "buy" rating in a research note on Friday, March 15th. Argus boosted their target price on Dollar General from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $170.00 price target on shares of Dollar General in a research note on Tuesday, April 2nd. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $153.08.

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.