Independence Bank of Kentucky cut its stake in shares of Dollar General Corp. (NYSE:DG) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,915 shares of the company’s stock after selling 115 shares during the period. Independence Bank of Kentucky’s holdings in Dollar General were worth $1,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DG. Clean Yield Group acquired a new position in shares of Dollar General in the second quarter valued at approximately $26,000. Penserra Capital Management LLC purchased a new position in Dollar General in the first quarter worth approximately $39,000. Zions Bancorporation N.A. purchased a new position in Dollar General in the first quarter worth approximately $40,000. Cornerstone Advisors Inc. lifted its stake in Dollar General by 37.9% in the first quarter. Cornerstone Advisors Inc. now owns 371 shares of the company’s stock worth $44,000 after acquiring an additional 102 shares during the last quarter. Finally, Smithfield Trust Co. lifted its stake in Dollar General by 962.9% in the first quarter. Smithfield Trust Co. now owns 372 shares of the company’s stock worth $44,000 after acquiring an additional 337 shares during the last quarter. Institutional investors and hedge funds own 95.39% of the company’s stock.

A number of research analysts recently issued reports on DG shares. Raymond James reiterated a “buy” rating on shares of Kelt Exploration in a research note on Friday, May 31st. JPMorgan Chase & Co. downgraded shares of First Quantum Minerals from an “overweight” rating to a “neutral” rating in a research note on Friday, April 5th. Oppenheimer lifted their price target on shares of Okta from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. UBS Group lifted their price target on shares of Zscaler from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. Finally, Bank of America set a $25.00 price target on shares of Bed Bath & Beyond and gave the stock a “buy” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $133.86.

DG stock traded down $1.69 on Monday, hitting $136.28. The company’s stock had a trading volume of 25,667 shares, compared to its average volume of 1,514,377. The firm’s 50 day simple moving average is $138.13. Dollar General Corp. has a 1 year low of $96.37 and a 1 year high of $145.06. The stock has a market capitalization of $35.64 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.95 and a beta of 0.68. The company has a current ratio of 1.16, a quick ratio of 0.12 and a debt-to-equity ratio of 1.52.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.39 by $0.09. Dollar General had a net margin of 6.16% and a return on equity of 25.03%. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.57 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. Dollar General’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that Dollar General Corp. will post 6.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $1.28 annualized dividend and a yield of 0.94%. Dollar General’s dividend payout ratio (DPR) is 21.44%.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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

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