Independence Bank of Kentucky Buys Shares of 15,680 Dollar General Corp. (DG)

Independence Bank of Kentucky bought a new position in Dollar General Corp. (NYSE:DG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,680 shares of the company’s stock, valued at approximately $1,458,000. Dollar General comprises 1.2% of Independence Bank of Kentucky’s portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Dollar General by 168.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock worth $1,314,516,000 after acquiring an additional 10,167,321 shares during the last quarter. Longview Partners Guernsey LTD raised its holdings in shares of Dollar General by 0.8% in the 4th quarter. Longview Partners Guernsey LTD now owns 11,417,858 shares of the company’s stock worth $1,061,975,000 after acquiring an additional 96,198 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Dollar General by 2.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock valued at $642,060,000 after buying an additional 178,400 shares during the last quarter. Capital International Investors increased its stake in Dollar General by 14.0% in the 3rd quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after buying an additional 791,600 shares during the last quarter. Finally, Polen Capital Management LLC increased its stake in Dollar General by 3.2% in the 3rd quarter. Polen Capital Management LLC now owns 4,935,680 shares of the company’s stock valued at $400,037,000 after buying an additional 154,938 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Several equities research analysts have commented on the stock. Argus reiterated a “hold” rating on shares of Dollar General in a research note on Thursday, February 8th. They noted that the move was a valuation call. ValuEngine upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Wells Fargo & Co upgraded shares of Dollar General from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $102.27 to $117.00 in a research note on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, February 6th. Finally, UBS Group reiterated a “buy” rating and issued a $99.00 price objective (up previously from $85.00) on shares of Dollar General in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $91.98.

In related news, EVP Robert D. Ravener sold 11,368 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares of the company’s stock, valued at approximately $2,097,320.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael J. Kindy sold 7,536 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the completion of the transaction, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at $686,869.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,916 shares of company stock valued at $1,924,881. 0.22% of the stock is owned by insiders.

Shares of Dollar General Corp. (DG) opened at $96.67 on Thursday. The stock has a market cap of $26,303.65, a P/E ratio of 21.39, a PEG ratio of 1.61 and a beta of 1.00. Dollar General Corp. has a one year low of $65.97 and a one year high of $105.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.19 and a current ratio of 1.41.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.89 earnings per share. research analysts expect that Dollar General Corp. will post 4.5 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Monday, January 8th. Dollar General’s dividend payout ratio (DPR) is presently 23.01%.

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Dollar General Company Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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

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