Y Intercept Hong Kong Ltd Has $1.53 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Y Intercept Hong Kong Ltd cut its holdings in Dollar General Co. (NYSE:DG) by 15.0% in the fourth quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DG. Wilmington Savings Fund Society FSB bought a new position in shares of Dollar General in the third quarter valued at approximately $33,000. Bogart Wealth LLC raised its position in shares of Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares during the period. Venturi Wealth Management LLC raised its position in shares of Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after purchasing an additional 278 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Dollar General in the fourth quarter valued at approximately $39,000. Finally, Kentucky Trust Co bought a new position in shares of Dollar General in the fourth quarter valued at approximately $48,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of DG opened at $78.53 on Wednesday. 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. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The company has a 50 day moving average of $73.39 and a 200-day moving average of $81.88. 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 released its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Dollar General’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

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

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of the business’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 approximately $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction dated 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 owns 15,575 shares in the company, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. BMO Capital Markets lifted their price target on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Evercore ISI dropped their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Finally, HSBC dropped their target price on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $96.77.

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.