Dollar General Co. (NYSE:DG) Position Reduced by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its stake in shares of Dollar General Co. (NYSE:DG) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,238 shares of the company’s stock after selling 3,572 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Dollar General were worth $1,534,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General in the 3rd quarter worth about $33,000. Bogart Wealth LLC lifted its position in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after buying an additional 361 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after buying an additional 278 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Dollar General in the 4th quarter worth about $39,000. Finally, Kentucky Trust Co bought a new position in shares of Dollar General in the 4th quarter worth about $48,000. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Performance

Shares of DG opened at $78.53 on Wednesday. The firm’s 50 day moving average is $73.39 and its 200-day moving average is $81.88. The stock has a market capitalization of $17.27 billion, a P/E ratio of 12.94, a P/E/G ratio of 2.18 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data 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 business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. Equities research analysts anticipate that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Barclays dropped their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. Bernstein Bank dropped their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. BMO Capital Markets increased their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a report on Friday, December 6th. Finally, HSBC dropped their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $96.77.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade 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. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.