Dollar General Corporation (NYSE:DG) Shares Acquired by Capital Investment Counsel Inc

Capital Investment Counsel Inc increased its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,840 shares of the company's stock after acquiring an additional 2,567 shares during the period. Capital Investment Counsel Inc's holdings in Dollar General were worth $3,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Dollar General by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock valued at $1,913,036,000 after acquiring an additional 160,853 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after buying an additional 1,528,450 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dollar General by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after buying an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC bought a new position in shares of Dollar General in the 4th quarter worth $399,433,000. Finally, Invesco Ltd. increased its holdings in shares of Dollar General by 32.1% in the 4th quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock worth $256,310,000 after buying an additional 821,608 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

DG has been the topic of a number of research analyst reports. UBS Group increased their price target 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. Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. The Goldman Sachs Group lowered shares of Dollar General from a "buy" rating to a "neutral" rating and increased their target price for the company from $115.00 to $116.00 in a report on Tuesday, June 24th. Truist Financial boosted their price objective on Dollar General from $93.00 to $112.00 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $109.08.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the company'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 sale, the executive vice president directly owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Stock Performance

Shares of DG traded down $1.16 during trading hours on Friday, reaching $114.31. 2,041,983 shares of the company traded hands, compared to its average volume of 4,095,665. The stock has a market capitalization of $25.16 billion, a P/E ratio of 21.81, a P/E/G ratio of 2.83 and a beta of 0.31. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $135.46. The business has a fifty day moving average price of $103.27 and a 200-day moving average price of $87.20.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. Equities analysts anticipate 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 will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.06%. The ex-dividend date is Tuesday, July 8th. Dollar General's payout ratio is 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.