Carmel Capital Partners LLC Takes $1.95 Million Position in Dollar General Corporation (NYSE:DG)

Carmel Capital Partners LLC acquired a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,193 shares of the company's stock, valued at approximately $1,951,000. Dollar General accounts for 0.8% of Carmel Capital Partners LLC's investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors also recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new stake in Dollar General during the fourth quarter worth about $25,000. Ameriflex Group Inc. purchased a new stake in shares of Dollar General in the fourth quarter valued at about $31,000. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Dollar General by 66.7% in the first 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 lifted its holdings in shares of Dollar General by 170.1% in the first 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 lifted its holdings in shares of Dollar General by 39.4% in the first 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 currently owned by institutional investors and hedge funds.

Insider Activity at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following 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 legal filing with the SEC, which is available at this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares in the company, 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. Corporate insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. increased their price objective 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, Bank of America increased their price objective on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Sixteen equities research 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $107.04.

Dollar General Stock Up 0.7%

Shares of NYSE:DG traded up $0.80 during midday trading on Friday, hitting $110.03. The stock had a trading volume of 2,744,096 shares, compared to its average volume of 4,133,061. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $126.98. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The business's 50-day simple moving average is $107.75 and its 200-day simple moving average is $90.13. The company has a market cap of $24.21 billion, a P/E ratio of 21.00, a PEG ratio of 2.70 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. Dollar General's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.65 earnings per share. On average, sell-side 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. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's payout ratio 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.