City Holding Co. Decreases Stock Position in Dollar General Co. (NYSE:DG)

City Holding Co. lowered its position in shares of Dollar General Co. (NYSE:DG) by 42.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 680 shares of the company’s stock after selling 504 shares during the period. City Holding Co.’s holdings in Dollar General were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Eagle Rock Investment Company LLC lifted its holdings in Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock worth $2,186,000 after buying an additional 4,048 shares in the last quarter. 1834 Investment Advisors Co. acquired a new position in shares of Dollar General in the third quarter worth about $5,650,000. Leibman Financial Services Inc. purchased a new position in Dollar General in the fourth quarter valued at about $2,018,000. Lecap Asset Management Ltd. grew its stake in Dollar General by 231.6% during the 3rd quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after purchasing an additional 26,165 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Dollar General by 62.9% during the 3rd quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock worth $14,087,000 after purchasing an additional 64,336 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Down 1.2 %

DG opened at $68.44 on Tuesday. The stock’s 50 day moving average price is $75.53 and its 200 day moving average price is $91.35. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The stock has a market cap of $15.05 billion, a P/E ratio of 11.28, a P/E/G ratio of 2.12 and a beta of 0.44. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General’s revenue for the quarter 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. As a group, research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.45%. Dollar General’s dividend payout ratio is presently 38.88%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DG. Gordon Haskett raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Melius Research started coverage on shares of Dollar General in a report on Monday, September 23rd. They set a “hold” rating and a $85.00 price objective for the company. Telsey Advisory Group cut their target price on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research note on Monday, December 2nd. HSBC decreased their price target 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. Finally, Evercore ISI reduced their target price on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus target price of $98.18.

Insider Buying and Selling

In other Dollar General news, 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 value of $451,620.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the firm’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 transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.