Vestcor Inc Purchases 9,400 Shares of Dollar General Co. (NYSE:DG)

Vestcor Inc increased its stake in shares of Dollar General Co. (NYSE:DG) by 210.3% during the fourth quarter, HoldingsChannel reports. The fund owned 13,870 shares of the company’s stock after acquiring an additional 9,400 shares during the quarter. Vestcor Inc’s holdings in Dollar General were worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DG. Wilmington Savings Fund Society FSB bought a new position in Dollar General during the third quarter worth $33,000. Providence First Trust Co bought a new stake in Dollar General in the 4th quarter valued at $33,000. Bogart Wealth LLC increased its holdings in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after buying an additional 361 shares during the period. OFI Invest Asset Management bought a new stake in Dollar General in the 4th quarter valued at $37,000. Finally, Venturi Wealth Management LLC increased its holdings in Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after buying an additional 278 shares during the period. Institutional investors own 91.77% of the company’s stock.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Dollar General Stock Performance

Dollar General stock opened at $79.15 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12. The company has a market cap of $17.41 billion, a PE ratio of 13.04, a PEG ratio of 2.18 and a beta of 0.44. The company’s 50-day moving average is $73.69 and its two-hundred day moving average is $78.06.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 EPS. Equities analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.98%. Dollar General’s dividend payout ratio (DPR) is presently 46.18%.

Analyst Upgrades and Downgrades

DG has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Barclays lowered their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. Truist Financial lowered their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Telsey Advisory Group restated a “market perform” rating and issued a $85.00 target price on shares of Dollar General in a research note on Thursday. Finally, Citigroup reduced their target price on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $92.26.

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.