Dollar General Co. (NYSE:DG) Shares Sold by Global Trust Asset Management LLC

Global Trust Asset Management LLC trimmed its stake in shares of Dollar General Co. (NYSE:DG) by 15.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,096 shares of the company’s stock after selling 200 shares during the period. Global Trust Asset Management LLC’s holdings in Dollar General were worth $93,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DG. Fidelis Capital Partners LLC lifted its stake in Dollar General by 3.3% during the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock valued at $378,000 after buying an additional 77 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Dollar General by 3.5% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock valued at $373,000 after acquiring an additional 80 shares in the last quarter. Pullen Investment Management LLC boosted its stake in Dollar General by 4.3% in the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after purchasing an additional 87 shares during the period. Pathway Financial Advisers LLC raised its stake in Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Dollar General by 10.9% in the first quarter. Capital Advisors Ltd. LLC now owns 994 shares of the company’s stock valued at $155,000 after purchasing an additional 98 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DG shares. Truist Financial dropped their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. The Goldman Sachs Group dropped their target price on Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Bank of America decreased their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a report on Friday, August 30th. BMO Capital Markets dropped their price objective on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research note on Friday, August 30th. Finally, Barclays lowered their price target on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.84.

Insider Activity at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the purchase, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. This represents a 0.00 % 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 Stock Performance

Shares of DG opened at $80.38 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General Co. has a one year low of $77.96 and a one year high of $168.07. The company’s fifty day moving average price is $90.44 and its 200 day moving average price is $117.93. The company has a market capitalization of $17.68 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analyst estimates 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 for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.13 EPS. As a group, analysts expect that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

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.