Investidor Profissional Gestao de Recursos Ltda. Purchases New Holdings in Dollar General Corporation (NYSE:DG)

Key Points

• Investidor Profissional Gestao de Recursos Ltda. acquired 4,703 shares of Dollar General Corporation, representing about 0.3% of its investment portfolio, valuing the stake at approximately $414,000.
• Institutional investor activity saw significant increases, with Pacer Advisors Inc. increasing its holdings in Dollar General by 5,440.2% during the first quarter.
• Dollar General recently reported quarterly earnings of $1.78 per share, surpassing analysts' expectations, and declared a quarterly dividend of $0.59 with a yield of 2.1%.

Investidor Profissional Gestao de Recursos Ltda. acquired a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,703 shares of the company's stock, valued at approximately $414,000. Dollar General comprises 0.3% of Investidor Profissional Gestao de Recursos Ltda.'s portfolio, making the stock its 18th largest holding.

Other institutional investors also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in Dollar General in the 4th quarter valued at about $25,000. Ameriflex Group Inc. bought a new stake in shares of Dollar General in the fourth quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. boosted its stake in shares of Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after buying an additional 200 shares during the period. Golden State Wealth Management LLC grew its position in 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 buying an additional 342 shares in the last quarter. Finally, CVA Family Office LLC increased its stake 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 acquiring an additional 161 shares during the period. Institutional investors own 91.77% of the company's stock.

Insider Buying and Selling

In other news, 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 transaction of $718,223.28. Following the completion of the transaction, the executive vice president directly owned 41,646 shares in the company, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of Dollar General 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 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 position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Dollar General Trading Up 2.2%

Shares of DG stock traded up $2.39 during trading hours on Wednesday, hitting $113.25. 2,858,822 shares of the company were exchanged, compared to its average volume of 2,647,912. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $126.98. The company has a 50 day simple moving average of $110.54 and a two-hundred day simple moving average of $93.13. The firm has a market cap of $24.92 billion, a P/E ratio of 21.61, a P/E/G ratio of 2.71 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.32. The firm had revenue of $10.44 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.65 earnings per share. Equities analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DG. Melius raised shares of 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. JPMorgan Chase & Co. upped their price target on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Barclays lifted their price objective on shares of Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Finally, Citigroup lifted their price target on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Sixteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dollar General has a consensus rating of "Hold" and a consensus price target of $108.40.

About Dollar General

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.