Everence Capital Management Inc. Sells 1,023 Shares of Dollar General Co. (NYSE:DG)

Everence Capital Management Inc. cut its stake in shares of Dollar General Co. (NYSE:DG) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,410 shares of the company’s stock after selling 1,023 shares during the quarter. Everence Capital Management Inc.’s holdings in Dollar General were worth $735,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Comerica Bank bought a new position in shares of Dollar General in the third quarter valued at about $12,047,000. Prime Capital Investment Advisors LLC raised its holdings in shares of Dollar General by 294.5% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock valued at $2,573,000 after buying an additional 14,127 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Dollar General in the fourth quarter valued at about $18,861,000. Professional Advisory Services Inc. raised its holdings in shares of Dollar General by 12.6% in the fourth quarter. Professional Advisory Services Inc. now owns 150,960 shares of the company’s stock valued at $20,523,000 after buying an additional 16,899 shares during the last quarter. Finally, Live Oak Private Wealth LLC bought a new position in shares of Dollar General in the third quarter valued at about $1,374,000. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Truist Financial lifted their price target on Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, March 15th. Argus lifted their price objective on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price objective on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday. Barclays upgraded Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. Finally, Evercore ISI lowered their price objective on Dollar General from $162.00 to $160.00 and set an “in-line” rating for the company in a research report on Tuesday, April 2nd. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Dollar General presently has an average rating of “Hold” and an average price target of $153.08.

Insider Buying and Selling at Dollar General

In other Dollar General news, 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 transaction, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at approximately $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 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 directly owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Trading Down 0.4 %

NYSE DG opened at $144.47 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19. The stock has a market capitalization of $31.74 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.59 and a beta of 0.42. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The stock’s 50 day moving average price is $149.24 and its two-hundred day moving average price is $133.78.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $9.77 billion. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.96 EPS. As a group, analysts anticipate that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio is 31.22%.

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.