Allen Mooney & Barnes Investment Advisors LLC Has $12.17 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Allen Mooney & Barnes Investment Advisors LLC grew its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 4.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 138,375 shares of the company's stock after acquiring an additional 5,698 shares during the period. Dollar General comprises about 2.0% of Allen Mooney & Barnes Investment Advisors LLC's portfolio, making the stock its 19th largest holding. Allen Mooney & Barnes Investment Advisors LLC owned 0.06% of Dollar General worth $12,167,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Dollar General by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock valued at $1,913,036,000 after purchasing an additional 160,853 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after acquiring an additional 1,528,450 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after acquiring an additional 118,204 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Dollar General during the fourth quarter worth $399,433,000. Finally, ACR Alpine Capital Research LLC raised its holdings in shares of Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after acquiring an additional 3,994,070 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Price Performance

NYSE DG traded down $0.25 during trading on Friday, reaching $111.59. 2,319,249 shares of the company traded hands, compared to its average volume of 4,094,144. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock's 50 day moving average price is $96.92 and its two-hundred day moving average price is $83.87. The company has a market cap of $24.56 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 2.18 and a beta of 0.26. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $135.46.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter in the previous year, the company posted $1.65 EPS. Dollar General's revenue was up 5.3% on a year-over-year basis. As a group, analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a report on Friday, May 23rd. Wells Fargo & Company increased their target price on shares of Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Morgan Stanley increased their target price on shares of Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $80.00 target price (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Fifteen 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 stock. According to MarketBeat, Dollar General presently has an average rating of "Moderate Buy" and an average price target of $109.04.

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.