Dollar General Co. (NYSE:DG) Stock Holdings Increased by Peoples Bank KS

Peoples Bank KS grew its holdings in shares of Dollar General Co. (NYSE:DG) by 19.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,435 shares of the company’s stock after acquiring an additional 230 shares during the quarter. Peoples Bank KS’s holdings in Dollar General were worth $109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pzena Investment Management LLC lifted its holdings in Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the period. Baupost Group LLC MA acquired a new stake in shares of Dollar General in the 3rd quarter worth approximately $194,832,000. Point72 Asset Management L.P. boosted its holdings in shares of Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after acquiring an additional 765,206 shares in the last quarter. State Street Corp increased its stake in shares of Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after acquiring an additional 759,869 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Dollar General by 319.6% during the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after purchasing an additional 704,639 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Evercore ISI decreased their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. HSBC decreased their target price on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Bernstein Bank dropped their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Bank of America upgraded shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Friday, December 6th. Finally, Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $98.27.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction 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 directly owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Dollar General Price Performance

DG opened at $74.24 on Wednesday. The stock has a fifty day moving average price of $77.03 and a 200 day moving average price of $94.69. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The stock has a market cap of $16.33 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.37 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Analysts forecast that Dollar General Co. will post 5.77 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.18%. Dollar General’s dividend payout ratio is currently 38.88%.

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.