Envestnet Portfolio Solutions Inc. Sells 2,297 Shares of Dollar General Corporation (NYSE:DG)

Envestnet Portfolio Solutions Inc. reduced its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 48.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,484 shares of the company's stock after selling 2,297 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Dollar General were worth $218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in shares of Dollar General during the fourth quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Dollar General in the fourth quarter valued at $25,000. Ameriflex Group Inc. bought a new position in Dollar General during the 4th quarter worth $31,000. OFI Invest Asset Management acquired a new position in Dollar General during the 4th quarter worth about $37,000. Finally, CVA Family Office LLC lifted its holdings in Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Up 0.7%

Shares of DG traded up $0.83 during trading hours on Tuesday, reaching $115.21. The stock had a trading volume of 2,834,208 shares, compared to its average volume of 4,058,900. The firm has a 50-day simple moving average of $102.09 and a 200 day simple moving average of $86.53. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $135.46. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $25.36 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 2.98 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.65 earnings per share. Equities research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DG shares. Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Tuesday, April 8th. Raymond James Financial raised their price target on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Jefferies Financial Group restated a "buy" rating on shares of Dollar General in a research report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price objective (down from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. Finally, Oppenheimer upgraded shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a report on Wednesday, June 4th. 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.com, the stock has an average rating of "Hold" and an average target price of $109.08.

Insider Buying and Selling

In other 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 completion of the sale, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction dated 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 owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,216 shares of company stock valued at $1,017,349 over the last three months. Corporate insiders own 0.56% of the company's stock.

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.