Dollar General Corporation (NYSE:DG) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its holdings in shares of Dollar General Corporation (NYSE:DG) by 74.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,396 shares of the company’s stock after selling 422,808 shares during the quarter. National Bank of Canada FI’s holdings in Dollar General were worth $12,785,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DG. Altshuler Shaham Ltd purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. increased its position in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after purchasing an additional 200 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after purchasing an additional 342 shares in the last quarter. Finally, CVA Family Office LLC increased its position in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after purchasing an additional 161 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of Dollar General stock opened at $114.61 on Tuesday. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $126.98. The business’s fifty day simple moving average is $111.95 and its 200-day simple moving average is $94.52. The firm has a market cap of $25.22 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 2.85 and a beta of 0.31. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74.

Dollar General (NYSE:DG) last posted its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the prior year, the company earned $1.65 EPS. Dollar General’s revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.1%. Dollar General’s dividend payout ratio is presently 45.04%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Morgan Stanley boosted their price target on Dollar General from $85.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 4th. UBS Group upped their target price on Dollar General from $120.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Gordon Haskett upgraded Dollar General from a “reduce” rating to an “accumulate” rating in a report on Tuesday, June 3rd. Barclays upped their target price on Dollar General from $100.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Finally, Wells Fargo & Company upped their target price on Dollar General from $80.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $108.40.

Insider Activity

In related news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares of the company’s stock, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

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.