Linscomb Wealth Inc. Acquires 4,004 Shares of Dollar General Corporation (NYSE:DG)

Key Points

• Linscomb Wealth Inc. increased its holdings in Dollar General Corporation by 3.8% in Q1, acquiring an additional 4,004 shares for a total of 108,756 shares valued at approximately $9.56 million.
• Dollar General recently reported an EPS of $1.78 for the last quarter, exceeding estimates of $1.46, and their revenue rose by 5.3% year-over-year to $10.44 billion.
• The company declared a quarterly dividend of $0.59 per share, which translates to an annualized dividend of $2.36 with a yield of 2.0%, reflecting a payout ratio of 45.04%.

Linscomb Wealth Inc. lifted its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,756 shares of the company's stock after buying an additional 4,004 shares during the quarter. Linscomb Wealth Inc.'s holdings in Dollar General were worth $9,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of DG. Vanguard Group Inc. lifted its stake in Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock valued at $2,324,271,000 after acquiring an additional 1,201,917 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Dollar General by 8.5% in the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock worth $1,122,914,000 after acquiring an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC grew its holdings in Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock valued at $369,081,000 after buying an additional 155,966 shares in the last quarter. Invesco Ltd. grew its holdings in Dollar General by 2.6% during the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock valued at $305,079,000 after buying an additional 89,067 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after purchasing an additional 1,797,776 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Activity

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the company's 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 transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Emily C. Taylor sold 1,969 shares of the firm'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 transaction of $222,497.00. Following the completion of 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 disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Stock Up 0.6%

Shares of Dollar General stock traded up $0.64 on Wednesday, hitting $115.83. 3,874,824 shares of the company traded hands, compared to its average volume of 2,718,018. The company has a 50-day moving average price of $112.08 and a 200 day moving average price of $94.81. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $126.98. The company has a market cap of $25.49 billion, a PE ratio of 22.11, a PEG ratio of 2.82 and a beta of 0.31.

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 (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 business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the previous year, the business earned $1.65 EPS. Dollar General's quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

Analysts Set New Price Targets

DG has been the subject of a number of recent research reports. Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research report on Wednesday, June 4th. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Guggenheim boosted their price objective on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Finally, Bank of America boosted their price objective on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research report 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $108.80.

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.