Dollar General Co. (NYSE:DG) Shares Sold by Professional Advisory Services Inc.

Professional Advisory Services Inc. cut its stake in Dollar General Co. (NYSE:DG - Free Report) by 12.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,211 shares of the company's stock after selling 19,375 shares during the quarter. Professional Advisory Services Inc. owned approximately 0.06% of Dollar General worth $11,713,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DG. Studio Investment Management LLC raised its position in Dollar General by 16.4% in the 4th 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. Deseret Mutual Benefit Administrators raised its position in Dollar General by 8.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock valued at $143,000 after purchasing an additional 150 shares in the last quarter. Eagle Rock Investment Company LLC raised its position in Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock valued at $2,548,000 after purchasing an additional 156 shares in the last quarter. Federated Hermes Inc. raised its position in Dollar General by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock valued at $164,000 after purchasing an additional 192 shares in the last quarter. Finally, Colonial Trust Co SC raised its position in Dollar General by 13.9% in the 4th quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock valued at $124,000 after purchasing an additional 199 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Trading Down 0.3%

Shares of DG stock opened at $113.47 on Friday. The business's 50 day moving average is $94.88 and its two-hundred day moving average is $82.60. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $135.46. The company has a market capitalization of $24.96 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 2.18 and a beta of 0.26. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

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 the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same period last year, the business posted $1.65 EPS. The company's revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be paid a $0.59 dividend. 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 2.08%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on 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 in the company, valued at $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DG. Evercore ISI increased their price target on Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a research report on Thursday. Bank of America raised their target price on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a research report on Tuesday. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Finally, Piper Sandler raised their target price on Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Fifteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $109.04.

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.

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