Cornerstone Investment Partners LLC Increases Holdings in Dollar General Corporation (NYSE:DG)

Cornerstone Investment Partners LLC raised its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 441,000 shares of the company's stock after purchasing an additional 12,617 shares during the quarter. Dollar General makes up 1.9% of Cornerstone Investment Partners LLC's holdings, making the stock its 28th biggest position. Cornerstone Investment Partners LLC owned about 0.20% of Dollar General worth $38,777,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DG. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General during the fourth quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth $31,000. Golden State Wealth Management LLC lifted its holdings in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after buying an additional 342 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Stock Performance

Shares of NYSE DG traded up $0.77 during trading on Friday, reaching $113.03. 2,211,781 shares of the stock traded hands, compared to its average volume of 4,127,866. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $132.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The company has a 50-day moving average of $105.80 and a 200-day moving average of $88.78. The stock has a market capitalization of $24.87 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 2.75 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The firm had revenue of $10.44 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 EPS. Analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.09%. Dollar General's dividend payout ratio (DPR) is 45.04%.

Insider Transactions at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the 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 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 disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Raymond James Financial lifted their target price on Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Cfra Research upgraded Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. UBS Group boosted their price target on Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley boosted their price target on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $109.46.

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.