Deutsche Bank AG Grows Position in Dollar General Corporation (NYSE:DG)

Deutsche Bank AG lifted its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,041,503 shares of the company's stock after buying an additional 3,126 shares during the quarter. Deutsche Bank AG owned about 0.47% of Dollar General worth $91,579,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DG. Studio Investment Management LLC increased its stake in Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after purchasing an additional 139 shares in the last quarter. Eagle Rock Investment Company LLC increased its position in shares of Dollar General by 0.5% during the first quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after acquiring an additional 156 shares in the last quarter. CVA Family Office LLC increased its position 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 acquiring an additional 161 shares in the last quarter. Allworth Financial LP increased its position in shares of Dollar General by 12.1% during the first quarter. Allworth Financial LP now owns 1,519 shares of the company's stock worth $142,000 after acquiring an additional 164 shares in the last quarter. Finally, Bogart Wealth LLC boosted its holdings in Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company's stock worth $59,000 after purchasing an additional 184 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Dollar General Stock Up 0.6%

NYSE:DG traded up $0.64 on Wednesday, reaching $115.83. 3,874,824 shares of the stock traded hands, compared to its average volume of 3,797,299. The company's fifty day simple moving average is $112.00 and its 200 day simple moving average is $94.67. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $126.98. The company has a market capitalization of $25.49 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.80 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74.

Dollar General (NYSE:DG - Get Free Report) last announced 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 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same period in the previous year, the business earned $1.65 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts predict that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were given a $0.59 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Insider Activity at Dollar General

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DG. Cfra Research upgraded shares of Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Morgan Stanley boosted their price target on shares of Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Raymond James Financial boosted their price target on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. UBS Group upped their target price on shares of Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, 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. Sixteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $108.80.

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.