Boston Trust Walden Corp Has $2.09 Million Stock Position in Dollar General Corporation (NYSE:DG)

Boston Trust Walden Corp lessened its stake in shares of Dollar General Corporation (NYSE:DG) by 7.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,783 shares of the company’s stock after selling 2,000 shares during the period. Boston Trust Walden Corp’s holdings in Dollar General were worth $2,091,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Studio Investment Management LLC grew its stake in shares of Dollar General by 16.4% during the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company’s stock valued at $75,000 after purchasing an additional 139 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock worth $143,000 after buying an additional 150 shares in the last quarter. Eagle Rock Investment Company LLC boosted its position in Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company’s stock valued at $2,548,000 after buying an additional 156 shares during the last quarter. CVA Family Office LLC increased its stake in shares of Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after buying an additional 161 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company’s stock worth $164,000 after acquiring an additional 192 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DG has been the subject of a number of research reports. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a research report on Friday, May 23rd. Barclays lifted their price target on shares of Dollar General from $100.00 to $119.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Melius Research upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of Dollar General from $88.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial upped their target price on shares of Dollar General from $100.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.04.

Dollar General Price Performance

DG stock opened at $111.47 on Friday. The stock has a 50-day moving average price of $99.44 and a two-hundred day moving average price of $85.04. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.46. The stock has a market cap of $24.53 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.26. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share 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 company had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.25 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. Dollar General’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Tuesday, July 8th. Dollar General’s dividend payout ratio is presently 45.04%.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company’s stock, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president now owns 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,216 shares of company stock valued at $1,017,349 over the last 90 days. 0.56% of the stock is owned by corporate insiders.

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.