Northwest Bank & Trust Co Purchases Shares of 500 Dollar General Co. (NYSE:DG)

Northwest Bank & Trust Co purchased a new stake in Dollar General Co. (NYSE:DG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 500 shares of the company’s stock, valued at approximately $68,000.

Several other hedge funds also recently added to or reduced their stakes in DG. Blair William & Co. IL boosted its holdings in Dollar General by 119.3% in the third quarter. Blair William & Co. IL now owns 8,778 shares of the company’s stock valued at $929,000 after purchasing an additional 4,776 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Dollar General by 131.1% in the third quarter. Loomis Sayles & Co. L P now owns 386 shares of the company’s stock worth $41,000 after acquiring an additional 219 shares during the period. Aviva PLC raised its position in shares of Dollar General by 7.5% in the third quarter. Aviva PLC now owns 128,947 shares of the company’s stock worth $13,643,000 after acquiring an additional 8,949 shares during the period. Kestra Advisory Services LLC raised its position in shares of Dollar General by 5.6% in the third quarter. Kestra Advisory Services LLC now owns 21,418 shares of the company’s stock worth $2,266,000 after acquiring an additional 1,132 shares during the period. Finally, Rafferty Asset Management LLC raised its position in shares of Dollar General by 8.7% in the third quarter. Rafferty Asset Management LLC now owns 19,896 shares of the company’s stock worth $2,105,000 after acquiring an additional 1,600 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DG has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. BMO Capital Markets reduced their price target on shares of 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. Loop Capital reduced their price target on shares of Dollar General from $150.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, May 31st. Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Finally, Truist Financial dropped their price objective on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $148.41.

Insider Buying and Selling

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were 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 in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Trading Up 1.3 %

Shares of Dollar General stock traded up $1.67 during mid-day trading on Friday, hitting $125.79. The stock had a trading volume of 1,708,918 shares, compared to its average volume of 2,977,328. The firm has a 50-day moving average of $139.86 and a two-hundred day moving average of $140.13. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $173.47. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. The firm has a market cap of $27.66 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 2.47 and a beta of 0.45.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company posted $2.34 EPS. Sell-side analysts forecast that Dollar General Co. will post 7.21 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, July 23rd. Investors 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 payout ratio is currently 34.35%.

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.