Dollar General Corporation (NYSE:DG) Shares Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC grew its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,132 shares of the company's stock after purchasing an additional 6,784 shares during the period. Cornerstone Wealth Group LLC's holdings in Dollar General were worth $7,749,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DG. SBI Securities Co. Ltd. acquired a new position in Dollar General during the 4th quarter valued at approximately $57,000. Oppenheimer & Co. Inc. lifted its stake in shares of Dollar General by 81.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 5,648 shares of the company's stock worth $428,000 after buying an additional 2,534 shares during the period. Private Advisor Group LLC grew its holdings in shares of Dollar General by 9.5% during the fourth quarter. Private Advisor Group LLC now owns 6,066 shares of the company's stock valued at $460,000 after buying an additional 524 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Dollar General in the 1st quarter valued at $280,000. Finally, Ameriprise Financial Inc. raised its stake in Dollar General by 18.1% in the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after acquiring an additional 16,453 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Price Performance

Shares of Dollar General stock traded down $0.39 during trading hours on Wednesday, reaching $112.92. 3,116,951 shares of the company's stock were exchanged, compared to its average volume of 4,104,748. The business has a fifty day moving average of $100.43 and a two-hundred day moving average of $85.54. 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 company has a market capitalization of $24.85 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 3.00 and a beta of 0.26. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.46.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 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 the consensus estimate 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 prior year, the firm earned $1.65 EPS. As a group, research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company 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 $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

Analysts Set New Price Targets

Several research firms have weighed in on DG. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. UBS Group upped their price target on shares of Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company boosted their price objective on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Sixteen research 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 company. Based on data from MarketBeat, Dollar General has a consensus rating of "Hold" and an average price target of $109.08.

Insider Buying and Selling

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the company'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 now owns 41,646 shares of the company's stock, valued at $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 available at this hyperlink. Also, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now directly owns 48,532 shares of the company's stock, valued at $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,216 shares of company stock worth $1,017,349. Insiders own 0.56% of the company's stock.

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.