Meeder Advisory Services Inc. Buys Shares of 3,794 Dollar General Corporation (NYSE:DG)

Key Points

• Meeder Advisory Services Inc. invested $334,000 in Dollar General, acquiring 3,794 shares during the first quarter, highlighting growing interest from institutional investors.
• In recent insider trading, Kathleen A. Reardon sold 6,438 shares, reducing her ownership by 13.39%, while Emily C. Taylor sold 1,969 shares for a 4.06% decrease in her position.
• Dollar General reported a strong earnings performance, with earnings per share of $1.78, surpassing estimates and reflecting a 5.3% revenue increase compared to the previous year.

Meeder Advisory Services Inc. purchased a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,794 shares of the company's stock, valued at approximately $334,000.

Other large investors have also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in Dollar General in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. purchased a new position in Dollar General in the 4th quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. increased its stake in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC increased its stake in Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares during the period. Finally, CVA Family Office LLC increased its stake in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the period. Institutional investors own 91.77% of the company's stock.

Insider Buying and Selling

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction on Thursday, June 12th. The stock was 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 owned 41,646 shares in the company, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the business'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 transaction, the executive vice president owned 46,563 shares of the company's stock, 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 currently owned by insiders.

Dollar General Stock Performance

Shares of NYSE DG traded up $0.38 during trading on Tuesday, hitting $111.32. The company had a trading volume of 1,151,408 shares, compared to its average volume of 3,825,114. The stock has a 50 day simple moving average of $110.34 and a 200 day simple moving average of $93.01. The firm has a market capitalization of $24.50 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 2.66 and a beta of 0.31. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $126.98. 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 (NYSE:DG - Get Free Report) last issued its earnings results 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. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.65 EPS. As a group, analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DG. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Cfra Research raised Dollar General to a "hold" rating in a research note on Tuesday, June 3rd. Evercore ISI boosted their target price on Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a research note on Thursday, June 5th. Citigroup boosted their target price on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein set a $120.00 target price on Dollar General in a research note on Friday, May 23rd. Sixteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General has an average rating of "Hold" and a consensus price target of $108.40.

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.