Global Assets Advisory LLC Acquires 6,281 Shares of Dollar General Corporation (NYSE:DG)

Global Assets Advisory LLC grew its stake in Dollar General Corporation (NYSE:DG - Free Report) by 154.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,349 shares of the company's stock after buying an additional 6,281 shares during the period. Global Assets Advisory LLC's holdings in Dollar General were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new stake in Dollar General during the fourth quarter valued at $25,000. IMG Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at about $25,000. Providence First Trust Co bought a new stake in shares of Dollar General during the 4th quarter valued at about $33,000. Ameriflex Group Inc. acquired a new stake in Dollar General during the fourth quarter worth approximately $31,000. Finally, Venturi Wealth Management LLC increased its holdings in Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after purchasing an additional 278 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of research analyst reports. 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. Bank of America raised their price target on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a report on Monday, March 3rd. KeyCorp restated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Finally, Morgan Stanley upped their price target on Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $109.08.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president now owns 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,216 shares of company stock worth $1,017,349. 0.56% of the stock is owned by company insiders.

Dollar General Stock Down 0.1%

NYSE:DG traded down $0.06 on Thursday, hitting $112.71. The stock had a trading volume of 1,990,257 shares, compared to its average volume of 4,112,759. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.46. The firm's fifty day simple moving average is $100.90 and its two-hundred day simple moving average is $85.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The stock has a market cap of $24.80 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.95 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly 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 company had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same period last year, the business posted $1.65 earnings per share. Dollar General's revenue was up 5.3% on a year-over-year basis. Analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

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.