TD Private Client Wealth LLC Increases Position in Dollar General Corporation (NYSE:DG)

TD Private Client Wealth LLC raised its position in Dollar General Corporation (NYSE:DG - Free Report) by 36.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,752 shares of the company's stock after purchasing an additional 3,131 shares during the quarter. TD Private Client Wealth LLC's holdings in Dollar General were worth $1,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Dollar General by 18.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 898,052 shares of the company's stock valued at $78,966,000 after acquiring an additional 142,337 shares in the last quarter. CoreFirst Bank & Trust grew its holdings in Dollar General by 74.3% during the first quarter. CoreFirst Bank & Trust now owns 3,190 shares of the company's stock worth $280,000 after purchasing an additional 1,360 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Dollar General by 46.7% during the first quarter. Concurrent Investment Advisors LLC now owns 9,377 shares of the company's stock worth $825,000 after purchasing an additional 2,987 shares during the period. Capital Investment Advisory Services LLC bought a new position in Dollar General during the first quarter worth about $931,000. Finally, Huntleigh Advisors Inc. bought a new position in Dollar General during the first quarter worth about $267,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of Dollar General stock in a transaction dated Tuesday, June 17th. The stock was 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 owned 46,563 shares in the company, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

DG has been the subject of a number of research analyst reports. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Evercore ISI lifted their price target on Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a report on Thursday, June 5th. KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a report on Wednesday, June 4th. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Finally, Citigroup lifted their price target on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $109.46.

Dollar General Trading Up 0.7%

Dollar General stock traded up $0.77 during trading hours on Friday, reaching $113.03. 2,211,781 shares of the company's stock were exchanged, compared to its average volume of 4,118,270. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The firm's 50 day simple moving average is $105.80 and its 200 day simple moving average is $88.78. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $135.46. The firm has a market capitalization of $24.87 billion, a PE ratio of 21.57, a PEG ratio of 2.75 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same period last year, the business posted $1.65 EPS. The business's revenue was up 5.3% compared to the same quarter last year. Research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders 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 2.09%. Dollar General's payout ratio is currently 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.