Keybank National Association OH Reduces Stock Position in Dollar General Co. (NYSE:DG)

Keybank National Association OH lowered its stake in shares of Dollar General Co. (NYSE:DG) by 36.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,677 shares of the company’s stock after selling 6,095 shares during the period. Keybank National Association OH’s holdings in Dollar General were worth $810,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DG. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dollar General during the third quarter worth $33,000. Providence First Trust Co purchased a new stake in shares of Dollar General in the fourth quarter worth $33,000. Bogart Wealth LLC raised its position in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after buying an additional 278 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Dollar General in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 7.4 %

NYSE DG opened at $81.87 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market capitalization of $18.01 billion, a PE ratio of 13.49, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07. The business’s 50-day moving average is $73.33 and its 200 day moving average is $79.63.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. Sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. HSBC lowered their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Bernstein Bank lowered their price objective on Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Finally, Wells Fargo & Company lowered their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $95.09.

Insider Buying and Selling

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

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.