2,394 Shares in Dollar General Corporation (NYSE:DG) Purchased by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. acquired a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,394 shares of the company's stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DG. Johnson Investment Counsel Inc. boosted its stake in Dollar General by 134.0% during the first quarter. Johnson Investment Counsel Inc. now owns 9,871 shares of the company's stock worth $868,000 after buying an additional 5,653 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Dollar General by 1.7% in the 1st quarter. State of Alaska Department of Revenue now owns 40,755 shares of the company's stock worth $3,582,000 after acquiring an additional 675 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Dollar General in the 1st quarter worth about $542,000. Roman Butler Fullerton & Co. purchased a new position in shares of Dollar General during the 1st quarter worth about $218,000. Finally, Cornerstone Wealth Management LLC grew its holdings in Dollar General by 25.5% during the 1st quarter. Cornerstone Wealth Management LLC now owns 6,292 shares of the company's stock valued at $553,000 after purchasing an additional 1,278 shares during the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president now owns 41,646 shares of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,216 shares of company stock worth $1,017,349. Insiders own 0.56% of the company's stock.

Dollar General Price Performance

Shares of DG stock opened at $111.47 on Friday. The stock's 50-day moving average is $99.44 and its 200 day moving average is $85.04. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $135.46. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The company has a market cap of $24.53 billion, a P/E ratio of 21.27, a PEG ratio of 2.93 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The business had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The company's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS. Research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's payout ratio is presently 45.04%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DG. The Goldman Sachs Group raised their price objective on shares of Dollar General from $96.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Piper Sandler increased their price target on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a report on Friday, March 14th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Truist Financial upped their price objective on Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial increased their target price on Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $109.04.

Dollar General 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.

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