Wealthquest Corp Makes New $268,000 Investment in Dollar General Corporation (NYSE:DG)

Key Points

• Wealthquest Corp has acquired 3,047 shares in Dollar General Corporation, valued at approximately $268,000, indicating continued institutional interest in the retailer.
• The company recently reported $1.78 EPS for the quarter, exceeding analysts' expectations, with a net revenue of $10.44 billion and a year-over-year increase of 5.3%.
• Dollar General has announced a $0.59 quarterly dividend, resulting in an annual yield of 2.2%, with a payout ratio of 45.04%.

Wealthquest Corp acquired a new position in Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,047 shares of the company's stock, valued at approximately $268,000.

Several other institutional investors have also bought and sold shares of DG. Altshuler Shaham Ltd acquired a new stake in Dollar General during the 4th quarter worth about $25,000. Ameriflex Group Inc. acquired a new stake in Dollar General during the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. increased its holdings in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares during the period. Finally, CVA Family Office LLC increased its holdings in shares of Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Up 0.3%

Shares of Dollar General stock traded up $0.29 on Tuesday, reaching $111.23. 1,287,517 shares of the company were exchanged, compared to its average volume of 3,825,720. Dollar General Corporation has a one year low of $66.43 and a one year high of $126.98. The company has a market capitalization of $24.48 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.66 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average of $110.34 and a 200 day moving average of $93.01.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The business's revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. Dollar General's payout ratio is presently 45.04%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Raymond James Financial upped their target price on Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Citigroup increased their price objective on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Piper Sandler increased their price objective on Dollar General from $112.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. KeyCorp restated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Finally, Cfra Research upgraded Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $108.40.

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.