Sumitomo Mitsui Trust Holdings Inc. Sells 9,563 Shares of Dollar General Co. (NYSE:DG)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in Dollar General Co. (NYSE:DG) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 515,940 shares of the company’s stock after selling 9,563 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Dollar General were worth $70,142,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Fiduciary Trust Co. increased its stake in shares of Dollar General by 0.7% in the first quarter. Fiduciary Trust Co. now owns 8,868 shares of the company’s stock worth $1,866,000 after purchasing an additional 64 shares in the last quarter. SevenOneSeven Capital Management increased its stake in shares of Dollar General by 5.4% in the second quarter. SevenOneSeven Capital Management now owns 1,257 shares of the company’s stock worth $207,000 after purchasing an additional 64 shares in the last quarter. Kinneret Advisory LLC increased its stake in shares of Dollar General by 2.3% in the first quarter. Kinneret Advisory LLC now owns 2,906 shares of the company’s stock worth $647,000 after purchasing an additional 65 shares in the last quarter. Cito Capital Group LLC grew its stake in Dollar General by 2.5% during the first quarter. Cito Capital Group LLC now owns 3,100 shares of the company’s stock valued at $652,000 after acquiring an additional 75 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its stake in Dollar General by 7.6% during the fourth quarter. Evergreen Capital Management LLC now owns 1,160 shares of the company’s stock valued at $286,000 after acquiring an additional 82 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DG. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price objective on shares of Dollar General in a research note on Tuesday, April 2nd. Morgan Stanley boosted their price objective on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Truist Financial boosted their price objective on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Finally, BMO Capital Markets boosted their price objective on shares of Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Fifteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $153.08.

Dollar General Trading Down 0.4 %

NYSE:DG opened at $144.47 on Thursday. The company has a fifty day moving average of $149.24 and a 200 day moving average of $133.78. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $222.99. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $31.74 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.59 and a beta of 0.42.

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

Dollar General Announces Dividend

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

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction 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 can be accessed through the SEC website. In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were 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 of the company’s stock, valued at approximately $505,778.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Dollar General Company 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.