Dollar General Co. (NYSE:DG) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Dollar General Co. (NYSE:DG) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,365 shares of the company’s stock after selling 909 shares during the period. Amalgamated Bank’s holdings in Dollar General were worth $3,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC increased its position in Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after buying an additional 8,388,735 shares during the period. State Street Corp grew its position in shares of Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after acquiring an additional 759,869 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dollar General by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after acquiring an additional 182,300 shares during the period. Baupost Group LLC MA purchased a new stake in Dollar General in the 3rd quarter valued at $194,832,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Dollar General by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after purchasing an additional 31,200 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent research reports. Gordon Haskett lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. HSBC reduced their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Truist Financial lowered their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Telsey Advisory Group cut their price target on Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, December 2nd. Finally, Barclays decreased their price target on Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $96.77.

Dollar General Stock Performance

Shares of DG stock opened at $74.25 on Friday. The stock has a fifty day moving average price of $73.31 and a 200 day moving average price of $81.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a market cap of $16.33 billion, a PE ratio of 12.23, a P/E/G ratio of 2.18 and a beta of 0.43. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. Sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.18%. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was 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 trade represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.