Wealthquest Corp Purchases Shares of 3,047 Dollar General Corporation (NYSE:DG)

Wealthquest Corp purchased a new stake in Dollar General Corporation (NYSE:DG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,047 shares of the company's stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General during the fourth quarter worth about $25,000. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth about $25,000. Providence First Trust Co acquired a new stake in shares of Dollar General during the fourth quarter worth about $33,000. Ameriflex Group Inc. acquired a new stake in shares of Dollar General during the fourth quarter worth about $31,000. Finally, Venturi Wealth Management LLC increased its position in shares of Dollar General by 126.4% during the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after purchasing an additional 278 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the company's 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 $4,646,027.76. This represents a 13.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the sale, the executive vice president now owns 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. Insiders sold a total of 9,216 shares of company stock worth $1,017,349 in the last ninety days. Insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DG. Evercore ISI lifted their target price on Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a research report on Thursday, June 5th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Wells Fargo & Company raised their price target on Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Jefferies Financial Group reissued a "buy" rating on shares of Dollar General in a report on Tuesday, June 3rd. Finally, Sanford C. Bernstein set a $120.00 price target on Dollar General in a report on Friday, May 23rd. Sixteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and a consensus price target of $109.08.

Dollar General Price Performance

Shares of NYSE:DG opened at $113.37 on Wednesday. The business's 50 day simple moving average is $100.43 and its 200-day simple moving average is $85.54. The firm has a market capitalization of $24.95 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 3.00 and a beta of 0.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $135.46.

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 company had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter in the prior year, the company posted $1.65 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders 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 2.08%. Dollar General's payout ratio is 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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