Haverford Trust Co Trims Stock Position in Dollar General Co. (NYSE:DG)

Haverford Trust Co decreased its position in Dollar General Co. (NYSE:DG - Free Report) by 48.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,775 shares of the company's stock after selling 9,168 shares during the period. Haverford Trust Co's holdings in Dollar General were worth $1,329,000 at the end of the most recent quarter.

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

Dollar General Trading Down 3.0 %

DG stock traded down $4.46 during trading on Friday, reaching $142.13. 2,728,534 shares of the stock were exchanged, compared to its average volume of 2,290,534. The business has a 50 day moving average price of $148.21 and a 200-day moving average price of $138.12. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $218.36. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $31.22 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.52 and a beta of 0.44.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a $0.59 dividend. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.66%. Dollar General's dividend payout ratio (DPR) is currently 31.22%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DG shares. StockNews.com upgraded Dollar General from a "sell" rating to a "hold" rating in a research note on Wednesday, February 14th. Evercore ISI lowered their price target on shares of Dollar General from $162.00 to $160.00 and set an "in-line" rating on the stock in a report on Tuesday, April 2nd. Piper Sandler reiterated a "neutral" rating and set a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a research note on Friday, March 15th. JPMorgan Chase & Co. upped their target price on Dollar General from $158.00 to $161.00 and gave the stock a "neutral" rating in a research note on Monday, April 15th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $153.08.

Insider Buying and Selling at Dollar General

In other Dollar General 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 transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Ralph Santana sold 3,009 shares of the stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink. Also, 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 directly owns 28,579 shares of the company's stock, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.

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