Stock Yards Bank & Trust Co. Has $347,000 Stock Position in Dollar General Co. (NYSE:DG)

Stock Yards Bank & Trust Co. cut its stake in shares of Dollar General Co. (NYSE:DG) by 16.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,626 shares of the company’s stock after selling 500 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Dollar General were worth $347,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Beacon Pointe Advisors LLC raised its holdings in shares of Dollar General by 6.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 7,587 shares of the company’s stock valued at $1,031,000 after purchasing an additional 443 shares during the period. Kingsview Wealth Management LLC acquired a new position in Dollar General during the fourth quarter worth approximately $212,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in Dollar General by 79.7% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,379 shares of the company’s stock valued at $731,000 after buying an additional 2,386 shares during the period. Corient Private Wealth LLC lifted its position in shares of Dollar General by 286.4% in the fourth quarter. Corient Private Wealth LLC now owns 56,171 shares of the company’s stock valued at $7,637,000 after buying an additional 41,635 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Dollar General during the 4th quarter worth approximately $37,000. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Loop Capital reduced their price objective on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Wells Fargo & Company cut their target price on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 27th. Evercore ISI decreased their price target on shares of Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research note on Friday, August 30th. Gordon Haskett cut shares of Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Friday, August 30th. Finally, Raymond James decreased their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.95.

Dollar General Trading Up 1.0 %

Shares of Dollar General stock opened at $86.86 on Thursday. The firm’s 50-day moving average price is $110.25 and its two-hundred day moving average price is $130.79. The company has a market capitalization of $19.10 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.36 and a beta of 0.44. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 12-month low of $77.96 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period last year, the business earned $2.13 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.72%. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Activity at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Warren F. Bryant acquired 1,000 shares of Dollar General stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the transaction, the director now directly owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by 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.