Segment Wealth Management LLC Invests $204,000 in Dollar General Corporation (NYSE:DG)

Segment Wealth Management LLC purchased a new stake in shares of Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,322 shares of the company's stock, valued at approximately $204,000.

Other institutional investors also recently modified their holdings of the company. Cantor Fitzgerald Investment Advisors L.P. lifted its stake in Dollar General by 20.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 100,869 shares of the company's stock valued at $8,869,000 after acquiring an additional 17,212 shares during the period. Blue Trust Inc. lifted its position in Dollar General by 181.2% during the first quarter. Blue Trust Inc. now owns 1,895 shares of the company's stock valued at $167,000 after purchasing an additional 1,221 shares during the period. Advisory Resource Group purchased a new stake in Dollar General in the first quarter worth approximately $254,000. Institute for Wealth Management LLC. bought a new stake in Dollar General in the 1st quarter worth approximately $211,000. Finally, Johnson Investment Counsel Inc. raised its stake in Dollar General by 134.0% during the 1st quarter. Johnson Investment Counsel Inc. now owns 9,871 shares of the company's stock valued at $868,000 after buying an additional 5,653 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General 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 sale, the executive vice president now directly owns 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $222,497.00. Following the sale, the executive vice president now directly owns 46,563 shares of the company's stock, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,216 shares of company stock worth $1,017,349. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial raised their price target on Dollar General from $93.00 to $112.00 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 target price (down from $90.00) on shares of Dollar General in a research report on Monday, March 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. Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective on the stock in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Fifteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $109.04.

Dollar General Trading Down 0.7%

Shares of Dollar General stock opened at $111.47 on Friday. 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 twelve month low of $66.43 and a twelve month high of $135.46. The business has a 50-day moving average price of $99.44 and a 200-day moving average price of $85.04. The firm has a market cap of $24.53 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.93 and a beta of 0.26.

Dollar General (NYSE:DG - Get Free Report) last posted 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. The business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company earned $1.65 EPS. Equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

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.

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