Dollar General Corporation (NYSE:DG) Stock Holdings Boosted by Walled Lake Planning & Wealth Management LLC

Key Points

• Walled Lake Planning & Wealth Management LLC increased its stake in Dollar General by 301.0% in Q1, acquiring an additional 32,187 shares to hold a total of 42,880 shares valued at $3.77 million.
• Dollar General reported $1.78 earnings per share (EPS) for the quarter, exceeding expectations of $1.46, with a revenue of $10.44 billion compared to forecasts of $10.25 billion.
• Dollar General recently declared a quarterly dividend of $0.59 per share, yielding a 2.23% annualized rate with a payout ratio of 45.04%.

Walled Lake Planning & Wealth Management LLC increased its stake in Dollar General Corporation (NYSE:DG - Free Report) by 301.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,880 shares of the company's stock after purchasing an additional 32,187 shares during the quarter. Dollar General makes up 1.3% of Walled Lake Planning & Wealth Management LLC's investment portfolio, making the stock its 23rd largest holding. Walled Lake Planning & Wealth Management LLC's holdings in Dollar General were worth $3,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Dollar General in the 4th quarter valued at $25,000. Ameriflex Group Inc. bought a new stake in shares of Dollar General in the fourth quarter worth about $31,000. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after purchasing an additional 342 shares during the last quarter. Finally, CVA Family Office LLC boosted its position in Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the business'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 completion of the sale, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was 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 the SEC website. Also, EVP Emily C. Taylor sold 1,969 shares of the business'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 transaction of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Raymond James Financial increased their target price on Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 target price on Dollar General in a report on Friday, May 23rd. Bank of America boosted their target price on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Evercore ISI boosted their price objective on Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a report on Thursday, June 5th. Finally, Wells Fargo & Company boosted their target price on Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $108.40.

Dollar General Price Performance

Shares of DG traded down $1.33 during trading hours on Wednesday, reaching $105.52. The company had a trading volume of 3,019,705 shares, compared to its average volume of 2,412,896. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The firm has a 50 day simple moving average of $109.92 and a 200-day simple moving average of $91.89. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $126.98. The company has a market capitalization of $23.22 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.62 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results 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 net margin of 2.81% and a return on equity of 17.93%. 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 firm posted $1.65 EPS. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.24%. Dollar General's dividend payout ratio is currently 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.