ACR Alpine Capital Research LLC Grows Stock Position in Dollar General Corporation (NYSE:DG)

ACR Alpine Capital Research LLC raised its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,197,437 shares of the company's stock after acquiring an additional 155,966 shares during the period. Dollar General makes up 7.7% of ACR Alpine Capital Research LLC's portfolio, making the stock its 4th biggest holding. ACR Alpine Capital Research LLC owned approximately 1.91% of Dollar General worth $369,081,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in DG. Altshuler Shaham Ltd acquired a new position in Dollar General in the fourth quarter worth $25,000. Ameriflex Group Inc. bought a new stake in shares of Dollar General during the fourth quarter worth $31,000. Mountain Hill Investment Partners Corp. raised its position in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after acquiring an additional 342 shares during the last quarter. Finally, CVA Family Office LLC raised 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 during the last quarter. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Performance

Shares of NYSE DG traded down $0.19 during mid-day trading on Friday, reaching $107.56. 1,603,756 shares of the company were exchanged, compared to its average volume of 2,554,480. The stock has a market capitalization of $23.67 billion, a P/E ratio of 20.53, a P/E/G ratio of 2.63 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. The company's 50-day simple moving average is $109.58 and its 200-day simple moving average is $91.31. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $126.98.

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

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.19%. Dollar General's dividend payout ratio is presently 45.04%.

Analysts Set New Price Targets

DG has been the subject of a number of recent analyst reports. Sanford C. Bernstein set a $120.00 price objective on Dollar General in a report on Friday, May 23rd. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Barclays increased their price target on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Guggenheim increased their price target on Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target for the company in a report on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $108.40.

Insider Buying and Selling

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president directly owned 41,646 shares of the company's stock, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the transaction, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. The trade was 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 insiders.

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.