Boston Trust Walden Corp Has $12.05 Million Position in Dollar General Co. (NYSE:DG)

Boston Trust Walden Corp lessened its holdings in shares of Dollar General Co. (NYSE:DG) by 53.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 91,137 shares of the company’s stock after selling 105,850 shares during the period. Boston Trust Walden Corp’s holdings in Dollar General were worth $12,051,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC acquired a new position in shares of Dollar General in the 4th quarter worth approximately $26,000. Bank & Trust Co bought a new position in Dollar General during the 2nd quarter valued at about $26,000. Fortis Group Advisors LLC boosted its position in Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar General during the second quarter worth about $33,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth approximately $37,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 2.3 %

NYSE DG traded up $2.73 during trading on Friday, reaching $123.27. 1,687,439 shares of the stock traded hands, compared to its average volume of 2,417,430. The firm has a market cap of $27.11 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $168.07. 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 stock’s 50-day moving average price is $124.39 and its 200 day moving average price is $137.43.

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

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DG shares. Piper Sandler decreased their price target on Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Truist Financial cut their price target on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a report on Friday, May 31st. Evercore ISI decreased their price objective on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company dropped their target price on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $170.00 price target on shares of Dollar General in a research note on Thursday, May 30th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $147.41.

About Dollar General

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.