Bank of Stockton Sells 201 Shares of Dollar General Co. (NYSE:DG)

Bank of Stockton reduced its position in Dollar General Co. (NYSE:DG) by 3.3% during the fourth quarter, HoldingsChannel reports. The fund owned 5,974 shares of the company’s stock after selling 201 shares during the quarter. Bank of Stockton’s holdings in Dollar General were worth $453,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Dollar General in the 3rd quarter valued at about $33,000. Bogart Wealth LLC grew its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after buying an additional 278 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Dollar General during the 4th quarter valued at about $39,000. Finally, Kentucky Trust Co purchased a new position in Dollar General during the 4th quarter valued at about $48,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Performance

Shares of DG stock opened at $76.16 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The stock has a 50 day moving average price of $73.27 and a two-hundred day moving average price of $83.28. The company has a market capitalization of $16.75 billion, a P/E ratio of 12.55, a PEG ratio of 2.17 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts expect that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were given a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.10%. Dollar General’s payout ratio is currently 38.88%.

Analyst Ratings Changes

A number of research firms have weighed in on DG. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price for the company in a report on Friday, December 6th. Barclays reduced 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. Telsey Advisory Group reduced their target price on Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, December 2nd. JPMorgan Chase & Co. cut their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group cut their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $96.77.

Insider Buying and Selling at Dollar General

In related 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 transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This 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.

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.