Dollar General Corporation (NYSE:DG) Stock Holdings Lifted by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its stake in Dollar General by 41% during the first quarter, owning a total of 11,322 shares valued at approximately $995,000.
• Several institutional investors significantly boosted their positions in Dollar General, with Pacer Advisors raising its stake by 5,440.2% to over 1.5 million shares worth $139.15 million.
• Dollar General's latest earnings report revealed an EPS of $1.78, surpassing estimates, with revenue up 5.3% year-over-year at $10.44 billion.

Arkadios Wealth Advisors lifted its position in Dollar General Corporation (NYSE:DG - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,322 shares of the company's stock after acquiring an additional 3,294 shares during the quarter. Arkadios Wealth Advisors' holdings in Dollar General were worth $995,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP boosted its stake in shares of Dollar General by 323.1% during the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after buying an additional 1,797,776 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Dollar General by 5,440.2% during the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock worth $139,155,000 after acquiring an additional 1,554,004 shares in the last quarter. Two Sigma Advisers LP boosted its position in Dollar General by 398.2% during the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock valued at $133,200,000 after purchasing an additional 1,404,200 shares during the last quarter. Pzena Investment Management LLC grew its stake in Dollar General by 8.5% in the first quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock valued at $1,122,914,000 after purchasing an additional 1,003,206 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its position in Dollar General by 215.6% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 1,229,105 shares of the company's stock worth $93,191,000 after purchasing an additional 839,698 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Activity at Dollar General

In other Dollar General 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 transaction, the executive vice president directly 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 legal filing with the SEC, which is accessible through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DG has been the subject of several analyst reports. Bank of America lifted their price objective on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Evercore ISI boosted their target price on Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a report on Thursday, June 5th. Finally, Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research report on Tuesday, April 8th. Sixteen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Dollar General presently has a consensus rating of "Hold" and a consensus target price of $108.40.

Dollar General Stock Performance

Shares of Dollar General stock opened at $108.54 on Friday. The firm has a market cap of $23.89 billion, a P/E ratio of 20.71, a P/E/G ratio of 2.66 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. The firm has a 50 day simple moving average of $110.15 and a 200 day simple moving average of $92.55. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.32. The company 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 company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 EPS. Sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

Dollar General 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.

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