CHURCHILL MANAGEMENT Corp Invests $6.94 Million in Dollar General Corporation (NYSE:DG)

CHURCHILL MANAGEMENT Corp purchased a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,955 shares of the company's stock, valued at approximately $6,943,000.

Other large investors also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in shares of Dollar General during the 4th quarter valued at $25,000. Altshuler Shaham Ltd acquired a new position in Dollar General in the fourth quarter valued at $25,000. Ameriflex Group Inc. purchased a new stake in Dollar General during the fourth quarter valued at about $31,000. OFI Invest Asset Management acquired a new stake in Dollar General during the fourth quarter worth about $37,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 0.7%

Shares of DG stock traded up $0.83 during mid-day trading on Tuesday, reaching $115.21. 2,834,208 shares of the company were exchanged, compared to its average volume of 4,086,740. 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's 50 day simple moving average is $102.09 and its 200 day simple moving average is $86.53. The company has a market capitalization of $25.36 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.98 and a beta of 0.26. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.46.

Dollar General (NYSE:DG - Get Free Report) last announced 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. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates 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 for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS. Research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

Insider Buying and Selling

In other news, EVP Emily C. Taylor sold 1,969 shares of the business's 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 completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction 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 transaction, the executive vice president owned 41,646 shares in the company, valued at $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. In the last ninety days, insiders have sold 9,216 shares of company stock worth $1,017,349. 0.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DG shares. JPMorgan Chase & Co. boosted their target price on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. KeyCorp reaffirmed a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Evercore ISI increased their price objective on shares of Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a research report on Thursday, June 5th. Piper Sandler lifted their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Finally, The Goldman Sachs Group cut shares of Dollar General from a "buy" rating to a "neutral" rating and upped their price target for the stock from $115.00 to $116.00 in a research report on Tuesday, June 24th. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $109.08.

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.