Cwm LLC Decreases Stock Holdings in Dollar General Corporation (NYSE:DG)

CWM LLC lowered its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 25.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,118 shares of the company's stock after selling 2,439 shares during the quarter. CWM LLC's holdings in Dollar General were worth $626,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Sowell Financial Services LLC bought a new position in shares of Dollar General during the 1st quarter worth about $280,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Dollar General by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock worth $2,424,000 after purchasing an additional 1,102 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Dollar General by 74.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock worth $921,000 after purchasing an additional 5,171 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Dollar General by 18.1% during the 4th quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after purchasing an additional 16,453 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Dollar General by 48.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock worth $288,000 after purchasing an additional 1,081 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were 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 of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the sale, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DG. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Truist Financial upped their target price on shares of Dollar General from $93.00 to $112.00 and gave the stock a "hold" rating in a report on Wednesday, June 4th. Barclays upped their target price on shares of Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Bank of America upped their target price on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Sixteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dollar General has a consensus rating of "Hold" and a consensus price target of $108.40.

Dollar General Price Performance

NYSE:DG traded down $0.19 during trading hours on Friday, hitting $107.56. The stock had a trading volume of 1,603,756 shares, compared to its average volume of 2,554,480. The company has a 50 day simple moving average of $109.58 and a two-hundred day simple moving average of $91.31. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. Dollar General Corporation has a one year low of $66.43 and a one year high of $126.98. The firm has a market capitalization of $23.67 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 2.63 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating 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 firm had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same period last year, the firm earned $1.65 EPS. The business's quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's dividend payout ratio is presently 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.