Charles Schwab Investment Management Inc. Has $150.18 Million Stake in Dollar General Corporation (NYSE:DG)

Charles Schwab Investment Management Inc. grew its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,707,891 shares of the company's stock after purchasing an additional 115,142 shares during the period. Charles Schwab Investment Management Inc. owned about 0.78% of Dollar General worth $150,175,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock worth $2,324,271,000 after acquiring an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Dollar General by 8.5% in the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after acquiring an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in shares of Dollar General by 3.9% during the first quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock valued at $369,081,000 after buying an additional 155,966 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Dollar General by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after acquiring an additional 1,797,776 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Dollar General by 11.0% in the fourth quarter. Northern Trust Corp now owns 2,023,890 shares of the company's stock valued at $153,451,000 after purchasing an additional 201,386 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Activity at Dollar General

In other news, 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 value of $222,497.00. Following the completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This trade represents a 4.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the 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 completion of the transaction, the executive vice president owned 41,646 shares in the company, 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.

Analysts Set New Price Targets

Several brokerages have issued reports on DG. Evercore ISI lifted their price objective on Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research report on Tuesday. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. Bank of America boosted their price target on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Morgan Stanley raised their price target on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $120.00 price target on shares of Dollar General in a research note on Thursday, July 17th. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $108.80.

Dollar General Trading Up 0.6%

Shares of NYSE:DG traded up $0.64 during trading on Wednesday, reaching $115.83. The stock had a trading volume of 3,874,824 shares, compared to its average volume of 3,797,299. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $126.98. 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 firm's fifty day moving average is $112.00 and its 200 day moving average is $94.67. The stock has a market cap of $25.49 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.80 and a beta of 0.31.

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 2.81% and a return on equity of 17.93%. The company had revenue of $10.44 billion during the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the prior year, the company posted $1.65 earnings per share. Dollar General's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

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.