Fairvoy Private Wealth LLC Makes New $865,000 Investment in Dollar General Corporation (NYSE:DG)

Fairvoy Private Wealth LLC purchased a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,835 shares of the company's stock, valued at approximately $865,000.

A number of other hedge funds also recently made changes to their positions in DG. IMG Wealth Management Inc. bought a new stake in Dollar General during the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Dollar General in the fourth quarter worth $25,000. Ameriflex Group Inc. acquired a new stake in Dollar General in the fourth quarter valued at $31,000. Providence First Trust Co bought a new position in Dollar General during the 4th quarter worth $33,000. Finally, Bogart Wealth LLC raised its position in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DG has been the subject of several analyst reports. KeyCorp restated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Morgan Stanley lifted their target price 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. Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research report on Wednesday, June 4th. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Finally, Sanford C. Bernstein set a $120.00 price objective on Dollar General in a research note on Friday, May 23rd. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Dollar General has an average rating of "Moderate Buy" and an average price target of $109.04.

Dollar General Stock Down 0.9%

Shares of NYSE DG traded down $1.05 during trading on Wednesday, hitting $112.27. The stock had a trading volume of 2,227,238 shares, compared to its average volume of 4,082,406. 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 fifty day moving average of $97.97 and a two-hundred day moving average of $84.38. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $135.46. The company has a market capitalization of $24.71 billion, a PE ratio of 21.43, a PEG ratio of 2.98 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the business posted $1.65 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Dollar General Corporation will post 5.75 EPS 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 given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.10%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is 45.04%.

Insider Activity

In other news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 46,563 shares of the company's stock, valued at $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 SEC, which is available at the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction that occurred 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 now owns 41,646 shares of the company's stock, 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. Insiders sold 9,216 shares of company stock valued at $1,017,349 in the last three months. Company insiders own 0.56% of the company's stock.

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.