CoreFirst Bank & Trust Invests $139,000 in Dollar General Co. (NYSE:DG)

CoreFirst Bank & Trust acquired a new stake in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,830 shares of the company’s stock, valued at approximately $139,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DG. Vanguard Group Inc. grew its holdings in shares of Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company’s stock worth $1,913,036,000 after buying an additional 160,853 shares in the last quarter. Pzena Investment Management LLC boosted its position in Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock worth $892,199,000 after acquiring an additional 1,528,450 shares during the last quarter. State Street Corp grew its stake in Dollar General by 8.3% in the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after acquiring an additional 759,869 shares during the period. First Eagle Investment Management LLC acquired a new position in Dollar General in the 4th quarter valued at $399,433,000. Finally, Geode Capital Management LLC lifted its stake in shares of Dollar General by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after purchasing an additional 182,300 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction that occurred 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 owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price target (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Wells Fargo & Company decreased their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Piper Sandler increased their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Telsey Advisory Group reissued a “market perform” rating and set a $85.00 price objective on shares of Dollar General in a research note on Thursday, March 13th. Finally, The Goldman Sachs Group dropped their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $92.26.

Dollar General Stock Performance

NYSE:DG opened at $83.16 on Tuesday. The firm has a 50-day moving average of $74.82 and a two-hundred day moving average of $77.72. 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 stock has a market cap of $18.29 billion, a P/E ratio of 13.70, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $164.12.

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

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.84%. Dollar General’s dividend payout ratio is presently 46.18%.

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.