Truist Financial Corp Has $2.80 Million Holdings in Dollar General Co. (NYSE:DG)

Truist Financial Corp lessened its stake in Dollar General Co. (NYSE:DG) by 37.1% in the fourth quarter, Holdings Channel reports. The firm owned 36,946 shares of the company’s stock after selling 21,820 shares during the quarter. Truist Financial Corp’s holdings in Dollar General were worth $2,801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in Dollar General during the third quarter worth about $8,767,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Dollar General by 34.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,684 shares of the company’s stock worth $3,465,000 after purchasing an additional 10,198 shares during the last quarter. Forsta AP Fonden grew its holdings in shares of Dollar General by 21.0% during the third quarter. Forsta AP Fonden now owns 48,400 shares of the company’s stock worth $4,093,000 after purchasing an additional 8,400 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Dollar General by 16.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 142,306 shares of the company’s stock worth $12,368,000 after purchasing an additional 20,121 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Dollar General by 38.7% during the third quarter. State of Alaska Department of Revenue now owns 44,301 shares of the company’s stock worth $3,745,000 after purchasing an additional 12,350 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group reduced their target price on Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 15th. BMO Capital Markets upped their target price on Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a report on Friday, December 6th. Gordon Haskett cut Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Wells Fargo & Company cut their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Finally, Truist Financial cut their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $96.77.

Dollar General Stock Down 0.6 %

DG stock opened at $78.53 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market capitalization of $17.27 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.18 and a beta of 0.43. 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 fifty day moving average of $73.39 and a 200-day moving average of $81.88.

Dollar General (NYSE:DG) last posted its quarterly earnings results 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 return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.01%. Dollar General’s dividend payout ratio is currently 38.88%.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.