Atlantic Union Bankshares Corp Has $246,000 Holdings in Dollar General Co. (NYSE:DG)

Atlantic Union Bankshares Corp cut its stake in Dollar General Co. (NYSE:DG) by 65.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,240 shares of the company’s stock after selling 6,101 shares during the period. Atlantic Union Bankshares Corp’s holdings in Dollar General were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in shares of Dollar General by 36.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 79,764 shares of the company’s stock worth $6,746,000 after purchasing an additional 21,128 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Dollar General by 1.5% in the 3rd quarter. Van ECK Associates Corp now owns 22,353 shares of the company’s stock valued at $1,811,000 after purchasing an additional 333 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Dollar General by 28.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 21,295 shares of the company’s stock valued at $1,801,000 after acquiring an additional 4,661 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Dollar General by 50.8% in the third quarter. Concurrent Investment Advisors LLC now owns 4,397 shares of the company’s stock valued at $372,000 after acquiring an additional 1,482 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Dollar General by 2.6% in the third quarter. Principal Financial Group Inc. now owns 253,053 shares of the company’s stock valued at $21,401,000 after acquiring an additional 6,372 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred 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 transaction, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’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 transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade 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 currently owned by corporate insiders.

Dollar General Trading Up 7.4 %

Shares of DG stock opened at $81.87 on Friday. The stock has a fifty day simple moving average of $73.33 and a two-hundred day simple moving average of $79.63. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The firm has a market capitalization of $18.01 billion, a PE ratio of 13.49, a PEG ratio of 2.18 and a beta of 0.44. 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 (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS 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 for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Evercore ISI reduced their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. Wells Fargo & Company lowered their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Citigroup lowered their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a report on Friday. Morgan Stanley lowered their target price on Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Bernstein Bank decreased their price target on Dollar General from $98.00 to $94.00 in a research note 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 given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $95.09.

Dollar General Company 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.