UMB Bank n.a. Has $90,000 Stock Holdings in Dollar General Co. (NYSE:DG)

UMB Bank n.a. grew its position in shares of Dollar General Co. (NYSE:DG) by 93.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,024 shares of the company’s stock after acquiring an additional 494 shares during the quarter. UMB Bank n.a.’s holdings in Dollar General were worth $90,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Dollar General in the fourth quarter valued at $57,000. Oppenheimer & Co. Inc. boosted its stake in shares of Dollar General by 81.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company’s stock worth $428,000 after buying an additional 2,534 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Dollar General by 9.5% in the 4th quarter. Private Advisor Group LLC now owns 6,066 shares of the company’s stock valued at $460,000 after acquiring an additional 524 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Dollar General by 18.1% in the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company’s stock valued at $8,137,000 after acquiring an additional 16,453 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Dollar General by 74.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company’s stock worth $921,000 after acquiring an additional 5,171 shares in the last quarter. 91.77% of the stock is owned by institutional investors.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Performance

Shares of NYSE:DG opened at $111.82 on Friday. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $135.46. The company’s 50 day moving average price is $96.44 and its two-hundred day moving average price is $83.56. The firm has a market cap of $24.61 billion, a PE ratio of 18.42, a PEG ratio of 2.18 and a beta of 0.26. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.32. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.65 EPS. Equities research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, July 8th. Dollar General’s payout ratio is presently 45.04%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DG shares. UBS Group boosted their price target on Dollar General from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Jefferies Financial Group restated a “buy” rating on shares of Dollar General in a report on Tuesday, June 3rd. Morgan Stanley increased their price target on shares of Dollar General from $85.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. Wells Fargo & Company boosted their price objective on shares of Dollar General from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 4th. Finally, Piper Sandler upped their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Fifteen investment 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 company presently has an average rating of “Moderate Buy” and an average price target of $109.04.

About Dollar General

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.