Dollar General Corporation (NYSE:DG) Shares Sold by Channing Global Advisors LLC

Channing Global Advisors LLC lessened its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 18.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 41,164 shares of the company's stock after selling 9,241 shares during the quarter. Dollar General comprises approximately 2.5% of Channing Global Advisors LLC's holdings, making the stock its 16th largest position. Channing Global Advisors LLC's holdings in Dollar General were worth $3,620,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. bought a new stake in shares of Dollar General in the 4th quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in shares of Dollar General in the 4th quarter worth $25,000. Ameriflex Group Inc. bought a new stake in shares of Dollar General in the 4th quarter worth $31,000. Providence First Trust Co bought a new stake in shares of Dollar General in the 4th quarter worth $33,000. Finally, OFI Invest Asset Management bought a new stake in shares of Dollar General in the 4th quarter worth $37,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Ratings Changes

DG has been the topic of a number of research reports. Barclays boosted their price objective on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. UBS Group boosted their price objective on Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. The Goldman Sachs Group boosted their target price on Dollar General from $96.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their target price on Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dollar General has an average rating of "Moderate Buy" and a consensus target price of $109.04.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction dated Friday, April 4th. The stock was 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 in the company, valued at approximately $4,596,951.04. This represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president now owns 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,216 shares of company stock worth $1,017,349 over the last 90 days. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Stock Performance

Shares of NYSE DG opened at $111.47 on Friday. The business's 50-day moving average price is $99.44 and its two-hundred day moving average price is $85.07. 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 one year low of $66.43 and a one year high of $135.46. The company has a market capitalization of $24.53 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.91 and a beta of 0.26.

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

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders 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 yield of 2.12%. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

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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