Dollar General Co. (NYSE:DG) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in Dollar General Co. (NYSE:DG) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,306 shares of the company’s stock after selling 1,536 shares during the quarter. M&T Bank Corp’s holdings in Dollar General were worth $3,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new stake in Dollar General in the 4th quarter valued at about $25,000. Studio Investment Management LLC purchased a new stake in shares of Dollar General in the 3rd quarter valued at approximately $26,000. MV Capital Management Inc. raised its holdings in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. Covestor Ltd lifted its position in shares of Dollar General by 48.3% during the 3rd quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after purchasing an additional 99 shares during the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in Dollar General in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 2.8 %

Dollar General stock opened at $139.92 on Wednesday. The stock’s 50 day moving average price is $149.93 and its 200 day moving average price is $137.15. The company has a market cap of $30.74 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $221.50.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the company earned $2.96 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts predict that Dollar General Co. will post 7.28 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.69%. Dollar General’s dividend payout ratio is currently 31.22%.

Insider Transactions at Dollar General

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DG. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research report on Tuesday, April 2nd. Raymond James raised their price objective on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. StockNews.com raised shares of Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $153.08.

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.