Argent Trust Co Has $991,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Argent Trust Co cut its stake in shares of Dollar General Co. (NYSE:DG) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,493 shares of the company’s stock after selling 133 shares during the period. Argent Trust Co’s holdings in Dollar General were worth $991,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DG. Kingsview Wealth Management LLC acquired a new stake in shares of Dollar General during the 4th quarter valued at about $212,000. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Dollar General by 79.7% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,379 shares of the company’s stock worth $731,000 after buying an additional 2,386 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Dollar General by 286.4% during the fourth quarter. Corient Private Wealth LLC now owns 56,171 shares of the company’s stock valued at $7,637,000 after acquiring an additional 41,635 shares during the period. Quest Partners LLC acquired a new stake in shares of Dollar General during the 4th quarter worth about $37,000. Finally, CreativeOne Wealth LLC bought a new position in Dollar General in the 4th quarter valued at $333,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

NYSE DG opened at $86.52 on Friday. The firm’s 50-day simple moving average is $109.35 and its two-hundred day simple moving average is $130.48. Dollar General Co. has a 52 week low of $77.96 and a 52 week high of $168.07. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market cap of $19.03 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 2.36 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 earnings per share. Research analysts predict that Dollar General Co. will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

Insider Activity at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Dollar General news, Director Warren F. Bryant bought 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now owns 41,030 shares in the company, valued at $3,298,812. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven R. Deckard sold 2,010 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DG shares. Bank of America reduced their price objective on Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Truist Financial reduced their price target on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Wells Fargo & Company lowered their price target on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Finally, Barclays cut their target price on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $113.95.

About Dollar General

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.