Roman Butler Fullerton & Co. Buys Shares of 2,469 Dollar General Corporation (NYSE:DG)

Roman Butler Fullerton & Co. acquired a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,469 shares of the company's stock, valued at approximately $218,000.

Other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in Dollar General in the 4th quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in Dollar General in the 4th quarter valued at approximately $25,000. Ameriflex Group Inc. acquired a new position in Dollar General in the 4th quarter valued at approximately $31,000. Providence First Trust Co acquired a new position in Dollar General in the 4th quarter valued at approximately $33,000. Finally, OFI Invest Asset Management acquired a new position in Dollar General in the 4th quarter valued at approximately $37,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 value of $222,497.00. Following the completion of the transaction, the executive vice president now directly owns 46,563 shares in the company, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm'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 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 trade represents 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. Insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DG. Gordon Haskett upgraded shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Barclays upped their price target on shares of Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Cfra Research upgraded shares of Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. Sanford C. Bernstein set a $120.00 price objective on shares of Dollar General in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dollar General from $88.00 to $95.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.04.

Dollar General Stock Down 0.7%

Shares of DG stock traded down $0.84 on Friday, hitting $111.47. The stock had a trading volume of 4,972,260 shares, compared to its average volume of 4,097,442. The business has a 50 day moving average of $98.99 and a 200 day moving average of $84.81. The stock has a market cap of $24.53 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $135.46.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. The company 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 firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.65 earnings per share. As a group, analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.12%. Dollar General's dividend payout ratio (DPR) is presently 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.