Alberta Investment Management Corp Cuts Stock Holdings in Dollar General Corporation (NYSE:DG)

Key Points

• Alberta Investment Management Corp has reduced its stake in Dollar General Corporation by 45.4%, selling 46,941 shares and retaining a total of 56,500 shares valued at approximately $4.97 million.
• Several institutional investors have recently adjusted their holdings in Dollar General, with Pzena Investment Management LLC increasing its stake by 8.5% during the first quarter.
• Dollar General reported $1.78 EPS in its latest quarterly earnings, exceeding analysts' expectations, with revenue of $10.44 billion and a year-over-year increase of 5.3%.

Alberta Investment Management Corp cut its stake in Dollar General Corporation (NYSE:DG - Free Report) by 45.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,500 shares of the company's stock after selling 46,941 shares during the quarter. Alberta Investment Management Corp's holdings in Dollar General were worth $4,968,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DG. Altshuler Shaham Ltd bought a new position in Dollar General during the fourth quarter worth about $25,000. Ameriflex Group Inc. acquired a new stake in Dollar General during the fourth quarter worth about $31,000. Mountain Hill Investment Partners Corp. boosted its stake 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 in the last quarter. Golden State Wealth Management LLC boosted its stake 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 in the last quarter. Finally, CVA Family Office LLC boosted its stake 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 in the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Up 3.5%

NYSE DG traded up $3.64 during mid-day trading on Friday, hitting $108.54. The company's stock had a trading volume of 4,216,646 shares, compared to its average volume of 2,705,135. The company's 50 day simple moving average is $110.15 and its 200 day simple moving average is $92.71. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $126.98. 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 firm has a market capitalization of $23.89 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 2.66 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter last year, the firm posted $1.65 EPS. Dollar General's revenue was up 5.3% compared to the same quarter last year. Analysts anticipate 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 $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.2%. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of research analyst reports. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Tuesday, April 8th. Loop Capital raised their price objective on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a report on Thursday, July 10th. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Evercore ISI raised their price objective on shares of Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a report on Thursday, June 5th. Finally, Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Sixteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $108.40.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction 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 completion of the sale, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction 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 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. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

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.