Dollar General Corporation (NYSE:DG) Position Lifted by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC boosted its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 37.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,308 shares of the company's stock after purchasing an additional 8,022 shares during the quarter. Hohimer Wealth Management LLC's holdings in Dollar General were worth $2,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bogart Wealth LLC boosted its position in shares of Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company's stock valued at $59,000 after buying an additional 184 shares during the period. Sigma Planning Corp bought a new stake in shares of Dollar General during the 1st quarter worth approximately $286,000. Edgestream Partners L.P. purchased a new position in Dollar General during the 1st quarter valued at $2,289,000. Stephens Inc. AR grew its position in Dollar General by 84.2% in the 1st quarter. Stephens Inc. AR now owns 17,743 shares of the company's stock valued at $1,560,000 after acquiring an additional 8,110 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in Dollar General in the 1st quarter worth about $411,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the sale, the executive vice president owned 46,563 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business'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 transaction, the executive vice president directly owned 41,646 shares in the company, 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. Company insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Morgan Stanley upped their price objective on shares of Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. UBS Group increased their price objective on shares of Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Guggenheim boosted their price objective on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Dollar General currently has a consensus rating of "Hold" and a consensus target price of $109.46.

Dollar General Price Performance

DG traded up $1.32 on Monday, reaching $114.46. 2,023,030 shares of the company's stock were exchanged, compared to its average volume of 3,973,026. The stock has a market cap of $25.19 billion, a PE ratio of 21.84, a P/E/G ratio of 2.77 and a beta of 0.31. 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 twelve month low of $66.43 and a twelve month high of $132.48. The stock's fifty day moving average price is $105.80 and its 200-day moving average price is $88.97.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.65 earnings per share. Sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.06%. 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.