TD Private Client Wealth LLC Acquires 3,131 Shares of Dollar General Corporation (NYSE:DG)

TD Private Client Wealth LLC lifted its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 36.3% during the first quarter, according to its most recent 13F 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 period. TD Private Client Wealth LLC's holdings in Dollar General were worth $1,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in 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 during the period. CoreFirst Bank & Trust raised its stake in Dollar General by 74.3% in the 1st quarter. CoreFirst Bank & Trust now owns 3,190 shares of the company's stock valued at $280,000 after acquiring an additional 1,360 shares during the period. Concurrent Investment Advisors LLC raised its stake in Dollar General by 46.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 9,377 shares of the company's stock valued at $825,000 after acquiring an additional 2,987 shares during the period. Capital Investment Advisory Services LLC bought a new stake in Dollar General in the 1st quarter valued at about $931,000. Finally, Huntleigh Advisors Inc. purchased a new position in Dollar General during the 1st quarter valued at about $267,000. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DG has been the subject of a number of recent analyst reports. Bank of America lifted their target price on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Evercore ISI lifted their target price on Dollar General from $105.00 to $117.00 and gave the company an "in-line" rating in a report on Thursday, June 5th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a report on Friday, May 23rd. Finally, Melius Research raised Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $109.08.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction that occurred on 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 $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Dollar General Stock Performance

Shares of DG stock opened at $112.19 on Thursday. 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 Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $135.46. The stock has a 50 day moving average price of $104.91 and a two-hundred day moving average price of $88.25. The company has a market capitalization of $24.69 billion, a P/E ratio of 21.41, a PEG ratio of 2.76 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $1.65 earnings per share. The business's revenue was up 5.3% on a year-over-year basis. Analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.10%. Dollar General's dividend payout ratio is presently 45.04%.

About Dollar General

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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