21,398 Shares in Dollar General Co. (NYSE:DG) Bought by American National Bank & Trust Co. VA

American National Bank & Trust Co. VA purchased a new stake in Dollar General Co. (NYSE:DG) in the first quarter, Holdings Channel.com reports. The fund purchased 21,398 shares of the company’s stock, valued at approximately $3,339,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Legacy Wealth Asset Management LLC raised its position in Dollar General by 4.8% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 2,283 shares of the company’s stock valued at $356,000 after buying an additional 104 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in Dollar General by 17.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 7,389 shares of the company’s stock valued at $1,153,000 after buying an additional 1,120 shares during the last quarter. Advisor Resource Council purchased a new stake in Dollar General in the 1st quarter valued at $310,000. Norden Group LLC purchased a new stake in shares of Dollar General during the 1st quarter valued at $2,839,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Dollar General by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 518,725 shares of the company’s stock valued at $80,952,000 after purchasing an additional 2,785 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DG. BMO Capital Markets decreased their target price on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. The Goldman Sachs Group raised their target price on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. decreased their target price on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Finally, Argus increased their price target on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $148.09.

Dollar General Price Performance

NYSE DG traded down $4.04 during trading hours on Thursday, hitting $125.43. The company had a trading volume of 1,302,424 shares, compared to its average volume of 2,596,925. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47. The firm has a 50 day simple moving average of $134.90 and a 200 day simple moving average of $139.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The firm has a market capitalization of $27.58 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.55 and a beta of 0.43.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.57 by $0.08. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 EPS. Equities research analysts expect that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.88%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Insider Activity

In other news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% 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.