Associated Banc Corp Has $272,000 Stock Holdings in Dollar General Co. (NYSE:DG)

Associated Banc Corp lowered its holdings in shares of Dollar General Co. (NYSE:DG) by 85.0% in the 4th quarter, HoldingsChannel reports. The firm owned 3,586 shares of the company’s stock after selling 20,337 shares during the period. Associated Banc Corp’s holdings in Dollar General were worth $272,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General during the 3rd quarter worth about $33,000. Providence First Trust Co acquired a new position in Dollar General during the 4th quarter worth approximately $33,000. Bogart Wealth LLC boosted its holdings in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after acquiring an additional 361 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Dollar General in the fourth quarter valued at approximately $37,000. Finally, Venturi Wealth Management LLC raised its position in shares of Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on DG. Bank of America reduced their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday. Morgan Stanley lowered their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. The Goldman Sachs Group lowered their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $85.00 target price on shares of Dollar General in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $92.26.

Insiders Place Their Bets

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 transaction of $451,620.00. Following the sale, the director now directly 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 at this link. Company insiders own 0.49% of the company’s stock.

Dollar General Stock Down 1.0 %

DG stock opened at $79.15 on Monday. The stock has a fifty day moving average of $73.69 and a 200-day moving average of $77.74. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12. The company has a market capitalization of $17.41 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 2.18 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

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

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.98%. Dollar General’s payout ratio is 46.18%.

Dollar General 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.