Allianz Asset Management GmbH Buys 29,546 Shares of Dollar General Corporation (NYSE:DG)

Allianz Asset Management GmbH lifted its stake in Dollar General Corporation (NYSE:DG - Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 771,690 shares of the company's stock after acquiring an additional 29,546 shares during the period. Allianz Asset Management GmbH owned 0.35% of Dollar General worth $67,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. 4WEALTH Advisors Inc. acquired a new stake in shares of Dollar General during the first quarter valued at approximately $575,000. Los Angeles Capital Management LLC acquired a new stake in shares of Dollar General during the first quarter valued at approximately $15,876,000. Carmel Capital Partners LLC acquired a new stake in shares of Dollar General during the first quarter valued at approximately $1,951,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Dollar General by 4.5% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,013 shares of the company's stock valued at $1,496,000 after acquiring an additional 725 shares during the period. Finally, South Dakota Investment Council increased its stake in Dollar General by 14.4% in the 1st quarter. South Dakota Investment Council now owns 316,598 shares of the company's stock valued at $27,838,000 after buying an additional 39,944 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dollar General 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 transaction of $222,497.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction 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 transaction, 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 disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Dollar General Stock Down 1.0%

Shares of NYSE DG traded down $1.06 during midday trading on Thursday, reaching $108.18. The company's stock had a trading volume of 730,212 shares, compared to its average volume of 3,885,598. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $126.98. The stock has a market capitalization of $23.81 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.69 and a beta of 0.31. The stock has a 50 day simple moving average of $109.00 and a 200-day simple moving average of $90.72.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $1.65 earnings per share. Equities research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company 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 was Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.18%. Dollar General's payout ratio is 45.04%.

Analyst Ratings Changes

Several research firms have weighed in on DG. Cfra Research upgraded shares of Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Barclays upped their price objective on shares of Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Loop Capital upped their price objective on shares of Dollar General from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Thursday, July 10th. UBS Group increased their price target on shares of Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein set a $120.00 price objective on shares of Dollar General in a report on Friday, May 23rd. Sixteen investment 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $108.40.

About Dollar General

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.