Venturi Wealth Management LLC Buys 2,451 Shares of Dollar General Corporation (NYSE:DG)

Key Points

• Venturi Wealth Management LLC significantly increased its stake in Dollar General by 492.2% during the first quarter, owning 2,949 shares valued at approximately $259,000.
• In its most recent earnings report, Dollar General announced an EPS of $1.78, surpassing analyst expectations, with quarterly revenue of $10.44 billion reflecting a 5.3% year-over-year increase.
• The company declared a quarterly dividend of $0.59 per share, contributing to an annualized dividend yield of 2.19%, with a payout ratio of 45.04%.

Venturi Wealth Management LLC increased its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 492.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,949 shares of the company's stock after purchasing an additional 2,451 shares during the quarter. Venturi Wealth Management LLC's holdings in Dollar General were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in Dollar General during the fourth quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in Dollar General during the fourth quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. lifted its position in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after buying an additional 342 shares during the period. Finally, CVA Family Office LLC lifted its holdings in shares of Dollar General by 39.4% during the 1st 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. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

NYSE DG traded up $1.29 on Tuesday, reaching $107.10. The company had a trading volume of 312,375 shares, compared to its average volume of 3,842,789. 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 stock has a market capitalization of $23.57 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.63 and a beta of 0.31. The firm's 50 day moving average price is $109.73 and its 200 day moving average price is $91.69. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $126.98.

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, topping 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 for the quarter, compared to analysts' expectations of $10.25 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business's revenue was up 5.3% compared to the same quarter last year. As a group, equities 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 was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.20%. The ex-dividend date was Tuesday, July 8th. Dollar General's dividend payout ratio is presently 45.04%.

Insider Buying and Selling at Dollar General

In related news, 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction dated 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 owned 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 disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DG shares. Citigroup increased their price target on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Bank of America increased 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. Raymond James Financial increased their price objective on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Guggenheim increased their price objective on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.