CX Institutional Invests $1.14 Million in Dollar General Co. (NYSE:DG)

CX Institutional bought a new position in Dollar General Co. (NYSE:DG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,976 shares of the company's stock, valued at approximately $1,141,000.

Other large investors have also modified their holdings 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 stake in Dollar General during the fourth quarter worth about $25,000. Ameriflex Group Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $31,000. Providence First Trust Co acquired a new position in Dollar General in the 4th quarter worth about $33,000. Finally, Bogart Wealth LLC grew its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after acquiring an additional 361 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a research note on Friday, May 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. 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 report on Wednesday, June 4th. Finally, Citigroup boosted their target price on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $109.04.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares of the company's stock, valued at $4,596,951.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.56% of the company's stock.

Dollar General Stock Down 0.2%

DG stock traded down $0.25 during trading on Friday, reaching $111.59. 2,319,249 shares of the stock were exchanged, compared to its average volume of 4,084,601. The firm's 50 day moving average is $96.44 and its 200 day moving average is $83.56. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $135.46. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $24.56 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the previous year, the company earned $1.65 earnings per share. The company's quarterly revenue was up 5.3% on a year-over-year basis. As a group, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders 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 dividend yield of 2.11%. Dollar General's dividend payout ratio is currently 45.04%.

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.