Atlantic Union Bankshares Corp Lowers Stake in Dollar General Co. (NYSE:DG)

Atlantic Union Bankshares Corp lessened its stake in Dollar General Co. (NYSE:DG - Free Report) by 65.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,240 shares of the company's stock after selling 6,101 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Dollar General were worth $246,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC grew its holdings in shares of Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. ACR Alpine Capital Research LLC lifted its position in shares of Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after buying an additional 3,994,070 shares during the last quarter. Baupost Group LLC MA purchased a new position in shares of Dollar General in the 3rd quarter valued at approximately $194,832,000. State Street Corp increased its holdings in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company's stock worth $842,208,000 after buying an additional 759,869 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Dollar General in the 4th quarter worth approximately $45,899,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 7.4 %

Shares of Dollar General stock opened at $81.87 on Friday. The stock's fifty day moving average is $73.33 and its 200-day moving average is $79.63. The firm has a market capitalization of $18.01 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07.

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Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter last year, the firm earned $1.26 EPS. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DG shares. Bank of America raised shares of Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 price objective on the stock in a research note on Friday, December 6th. BMO Capital Markets raised their price objective on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a report on Friday, December 6th. Citigroup lowered their price target on shares of Dollar General from $73.00 to $69.00 and set a "sell" rating on the stock in a research report on Friday. UBS Group decreased their target price on shares of Dollar General from $108.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Bernstein Bank decreased their target price on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $95.09.

Insider Activity at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares of the company's stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares of the company's stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is 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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