Ballentine Partners LLC Purchases Shares of 4,672 Dollar General Corporation (NYSE:DG)

Ballentine Partners LLC purchased a new position in Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,672 shares of the company's stock, valued at approximately $411,000.

A number of other large investors also recently added to or reduced their stakes in the business. Sowell Financial Services LLC bought a new position in shares of Dollar General during the first quarter worth $280,000. Robeco Institutional Asset Management B.V. lifted its position in Dollar General by 4.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock valued at $2,424,000 after purchasing an additional 1,102 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Dollar General by 74.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock valued at $921,000 after purchasing an additional 5,171 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Dollar General by 18.1% during the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock valued at $8,137,000 after buying an additional 16,453 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Dollar General by 48.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock worth $288,000 after acquiring an additional 1,081 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 41,646 shares in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the sale, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $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. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DG. Morgan Stanley boosted their price target on shares of Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. The Goldman Sachs Group cut Dollar General from a "buy" rating to a "neutral" rating and increased their price target for the company from $115.00 to $116.00 in a research note on Tuesday, June 24th. Barclays boosted their target price on shares of Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Finally, Truist Financial upped their price objective on shares of Dollar General from $93.00 to $112.00 and gave the company a "hold" 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 company's stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus price target of $107.04.

Dollar General Price Performance

Shares of NYSE:DG traded up $0.27 during trading on Friday, reaching $109.50. The stock had a trading volume of 406,504 shares, compared to its average volume of 4,109,747. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The business has a fifty day moving average price of $107.38 and a 200-day moving average price of $89.79. The stock has a market cap of $24.10 billion, a PE ratio of 20.90, a PEG ratio of 2.76 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.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The business's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. On average, equities analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders 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 2.16%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is 45.04%.

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.