Keybank National Association OH Lowers Stock Holdings in Dollar General Co. (NYSE:DG)

Keybank National Association OH trimmed its holdings in shares of Dollar General Co. (NYSE:DG) by 36.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,677 shares of the company’s stock after selling 6,095 shares during the period. Keybank National Association OH’s holdings in Dollar General were worth $810,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Dollar General during the third quarter valued at approximately $33,000. Providence First Trust Co purchased a new position in Dollar General in the 4th quarter worth approximately $33,000. Bogart Wealth LLC raised its holdings in 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 acquiring an additional 361 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in 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 acquiring an additional 278 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Dollar General in the 4th quarter worth approximately $39,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General Stock Up 7.4 %

Shares of DG stock opened at $81.87 on Friday. The stock has a market cap of $18.01 billion, a P/E ratio of 13.49, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. 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 company’s fifty day simple moving average is $73.33 and its two-hundred day simple moving average is $79.63.

Dollar General (NYSE:DG) last announced 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). The company had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DG shares. Barclays decreased their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, January 9th. Citigroup cut their target price on shares of Dollar General from $73.00 to $69.00 and set a “sell” rating for the company in a research report on Friday. Jefferies Financial Group cut their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, November 15th. The Goldman Sachs Group cut their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, UBS Group cut their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $95.09.

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at $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. Corporate insiders own 0.49% of the company’s stock.

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.