Dollar General Corp. (DG) Shares Sold by Huntington National Bank
Huntington National Bank lessened its stake in shares of Dollar General Corp. (NYSE:DG) by 11.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,431 shares of the company’s stock after selling 187 shares during the period. Huntington National Bank’s holdings in Dollar General were worth $171,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund grew its stake in shares of Dollar General by 10,128.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,752,166 shares of the company’s stock valued at $90,000 after buying an additional 9,656,820 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Dollar General by 23,132.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,356,904 shares of the company’s stock worth $366,909,000 after purchasing an additional 3,342,455 shares during the period. BlackRock Inc. boosted its position in shares of Dollar General by 13.9% during the 4th quarter. BlackRock Inc. now owns 22,207,042 shares of the company’s stock worth $2,400,135,000 after purchasing an additional 2,709,334 shares during the period. Norges Bank purchased a new position in shares of Dollar General during the 4th quarter worth approximately $216,226,000. Finally, FMR LLC boosted its position in shares of Dollar General by 21.3% during the 4th quarter. FMR LLC now owns 7,274,966 shares of the company’s stock worth $786,278,000 after purchasing an additional 1,278,052 shares during the period. 97.92% of the stock is owned by institutional investors.
DG stock opened at $122.38 on Monday. The company has a current ratio of 1.55, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The stock has a market cap of $31.73 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.53 and a beta of 0.71. Dollar General Corp. has a 52 week low of $86.87 and a 52 week high of $123.50.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, April 8th. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. This is a boost from Dollar General’s previous quarterly dividend of $0.29. Dollar General’s payout ratio is presently 21.44%.
A number of equities analysts recently weighed in on DG shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $126.00 price objective on shares of Dollar General in a research report on Thursday, March 14th. Zacks Investment Research lowered shares of Dollar General from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Raymond James set a $127.00 price target on shares of Dollar General and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Morgan Stanley set a $115.00 price target on shares of Dollar General and gave the stock a “buy” rating in a research note on Wednesday, December 26th. Finally, Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $102.00 to $125.00 in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $119.50.
In other Dollar General news, EVP Robert D. Ravener sold 78,987 shares of Dollar General stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the completion of the transaction, the executive vice president now owns 62,434 shares in the company, valued at $7,353,476.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Ravener sold 38,659 shares of Dollar General stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $119.84, for a total transaction of $4,632,894.56. Following the transaction, the executive vice president now owns 39,739 shares of the company’s stock, valued at approximately $4,762,321.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,282 shares of company stock valued at $15,926,314. 0.41% of the stock is currently owned by company insiders.
Dollar General Profile
Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.
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