Community Trust & Investment Co. Takes Position in Dollar General Co. (NYSE:DG)

Community Trust & Investment Co. bought a new position in shares of Dollar General Co. (NYSE:DGFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,405 shares of the company’s stock, valued at approximately $410,000.

Several other large investors have also recently bought and sold shares of DG. Pzena Investment Management LLC raised its position in shares of Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares during the last quarter. State Street Corp raised its holdings in Dollar General by 8.3% in the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Dollar General by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after acquiring an additional 182,300 shares during the period. Baupost Group LLC MA acquired a new stake in shares of Dollar General during the 3rd quarter worth approximately $194,832,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Dollar General by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock valued at $121,355,000 after purchasing an additional 31,200 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on DG shares. Melius Research assumed coverage on Dollar General in a research report on Monday, September 23rd. They issued a “hold” rating and a $85.00 target price for the company. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Friday, December 6th. Wells Fargo & Company lowered their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Jefferies Financial Group cut their price target on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $91.00 to $73.00 in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $98.18.

Check Out Our Latest Stock Analysis on Dollar General

Dollar General Price Performance

Dollar General stock opened at $69.45 on Wednesday. The business’s 50-day simple moving average is $76.06 and its 200 day simple moving average is $92.61. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 2.29 and a beta of 0.44. Dollar General Co. has a 12-month low of $69.33 and a 12-month high of $168.07.

Dollar General (NYSE:DGGet Free Report) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Dollar General Co. will post 5.76 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a $0.59 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.40%. Dollar General’s dividend payout ratio is currently 38.88%.

Insider Buying and Selling

In other news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction on 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 owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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