Advyzon Investment Management LLC Makes New $333,000 Investment in Dollar General Corporation (NYSE:DG)

Key Points

• Advyzon Investment Management LLC acquired 3,784 shares of Dollar General stock valued at approximately $333,000 in the first quarter.
• Insider transactions revealed that EVP Kathleen A. Reardon sold 6,438 shares for approximately $718,223, reducing her ownership by 13.39%.
• Dollar General reported $1.78 earnings per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.59 per share.

Advyzon Investment Management LLC acquired a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,784 shares of the company's stock, valued at approximately $333,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new position in shares of Dollar General in the 4th quarter valued at $25,000. Ameriflex Group Inc. bought a new stake in Dollar General during the 4th quarter worth $31,000. Mountain Hill Investment Partners Corp. grew its position in Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC grew its position in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after acquiring an additional 342 shares during the last quarter. Finally, CVA Family Office LLC grew its position in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 1.8%

Shares of Dollar General stock traded up $2.07 on Friday, hitting $117.70. The company had a trading volume of 247,335 shares, compared to its average volume of 3,798,706. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.77 and a beta of 0.31. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $126.98. The stock has a 50 day moving average of $111.22 and a 200-day moving average of $93.60. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23.

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

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DG shares. Citigroup boosted their price objective on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Bank of America boosted their price objective on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Telsey Advisory Group restated a "market perform" rating and set a $120.00 price objective on shares of Dollar General in a research report on Thursday, July 17th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Finally, Barclays lifted their target price on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock 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.