OLD National Bancorp IN Has $4.93 Million Stock Holdings in Dollar General Co. (NYSE:DG)

OLD National Bancorp IN grew its stake in Dollar General Co. (NYSE:DG - Free Report) by 533.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 64,990 shares of the company's stock after purchasing an additional 54,732 shares during the quarter. OLD National Bancorp IN's holdings in Dollar General were worth $4,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Metis Global Partners LLC raised its holdings in Dollar General by 2.0% in the third quarter. Metis Global Partners LLC now owns 7,042 shares of the company's stock worth $596,000 after purchasing an additional 135 shares during the period. Empirical Finance LLC raised its stake in Dollar General by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 7,768 shares of the company's stock worth $657,000 after buying an additional 153 shares during the period. Bruce G. Allen Investments LLC lifted its holdings in Dollar General by 20.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company's stock worth $72,000 after acquiring an additional 161 shares in the last quarter. Peoples Bank KS grew its stake in Dollar General by 19.1% in the fourth quarter. Peoples Bank KS now owns 1,435 shares of the company's stock valued at $109,000 after acquiring an additional 230 shares during the period. Finally, NBC Securities Inc. increased its holdings in shares of Dollar General by 13.3% in the third quarter. NBC Securities Inc. now owns 2,058 shares of the company's stock worth $174,000 after acquiring an additional 241 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the business's stock in a transaction dated 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 in the company, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Price Performance

DG stock traded up $0.22 during trading on Friday, reaching $72.37. 431,249 shares of the company were exchanged, compared to its average volume of 3,438,929. Dollar General Co. has a twelve month low of $66.43 and a twelve 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 company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 2.14 and a beta of 0.44. The company has a 50-day moving average of $74.78 and a two-hundred day moving average of $88.28.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.26%. Dollar General's payout ratio is 38.88%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DG shares. Wells Fargo & Company decreased their price objective on Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a research report on Thursday, December 5th. Bernstein Bank cut their price objective on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Barclays lowered their target price on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, January 9th. HSBC cut their price target on Dollar General from $100.00 to $88.00 and set a "hold" rating on the stock in a report on Friday, November 15th. Finally, Truist Financial dropped their target price on Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a research report on Friday, December 6th. One 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. According to data from MarketBeat, Dollar General currently has an average rating of "Hold" and a consensus 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.