Equitable Trust Co. Has $1.67 Million Position in Dollar General Co. (NYSE:DG)

Equitable Trust Co. increased its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 45.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,067 shares of the company's stock after buying an additional 6,880 shares during the quarter. Equitable Trust Co.'s holdings in Dollar General were worth $1,673,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Inspire Investing LLC boosted its position in Dollar General by 69.3% during the third quarter. Inspire Investing LLC now owns 3,376 shares of the company's stock valued at $286,000 after purchasing an additional 1,382 shares during the last quarter. City State Bank boosted its position in Dollar General by 30.1% during the third quarter. City State Bank now owns 1,730 shares of the company's stock valued at $146,000 after purchasing an additional 400 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Dollar General during the third quarter valued at approximately $202,000. ORG Wealth Partners LLC acquired a new position in Dollar General during the third quarter valued at approximately $57,000. Finally, Stablepoint Partners LLC lifted its position in shares of Dollar General by 7.8% in the third quarter. Stablepoint Partners LLC now owns 8,213 shares of the company's stock valued at $695,000 after buying an additional 597 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

Dollar General stock traded down $0.27 during mid-day trading on Friday, reaching $72.57. 2,809,082 shares of the company were exchanged, compared to its average volume of 3,361,898. The company has a fifty day simple moving average of $73.89 and a 200-day simple moving average of $84.86. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market cap of $15.96 billion, a PE ratio of 11.96, a PEG ratio of 2.08 and a beta of 0.43.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the business earned $1.26 EPS. Dollar General's revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.25%. Dollar General's payout ratio is 38.88%.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction 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 transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 15,575 shares in the company, 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. Corporate insiders own 0.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Telsey Advisory Group cut their price objective on Dollar General from $103.00 to $90.00 and set a "market perform" rating for the company in a research report on Monday, December 2nd. Truist Financial cut their price objective on Dollar General from $94.00 to $83.00 and set a "hold" rating for the company in a research report on Friday, December 6th. Barclays cut their price objective on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a research report on Thursday, January 9th. Morgan Stanley cut their price objective on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Finally, Bank of America raised Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 price objective for the company in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $96.77.

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.