Bank of Stockton Sells 201 Shares of Dollar General Co. (NYSE:DG)

Bank of Stockton lessened its holdings in Dollar General Co. (NYSE:DG) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,974 shares of the company’s stock after selling 201 shares during the quarter. Bank of Stockton’s holdings in Dollar General were worth $453,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in Dollar General during the 3rd quarter worth approximately $33,000. Bogart Wealth LLC raised its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in Dollar General during the 4th quarter worth approximately $39,000. Finally, Kentucky Trust Co bought a new position in Dollar General during the 4th quarter worth approximately $48,000. Institutional investors own 91.77% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction 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 in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now owns 15,575 shares in the company, valued at $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. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target for the company in a report on Friday, December 6th. JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Telsey Advisory Group reduced their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. BMO Capital Markets raised their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, December 6th. Finally, Evercore ISI reduced their price objective on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $96.77.

Dollar General Price Performance

DG opened at $76.16 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 company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 2.17 and a beta of 0.43. The firm’s fifty day moving average price is $73.27 and its two-hundred day moving average price is $83.28. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. As a group, analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio is 38.88%.

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.