5,161 Shares in Dollar General Co. (NYSE:DG) Bought by Wedmont Private Capital

Wedmont Private Capital purchased a new position in shares of Dollar General Co. (NYSE:DG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,161 shares of the company's stock, valued at approximately $460,000.

A number of other large investors also recently modified their holdings of the company. Studio Investment Management LLC increased its stake in shares of Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock worth $75,000 after buying an additional 139 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in shares of Dollar General by 8.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock worth $143,000 after purchasing an additional 150 shares during the last quarter. Eagle Rock Investment Company LLC raised its stake in shares of Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock valued at $2,548,000 after purchasing an additional 156 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Dollar General by 9.8% during the fourth quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after purchasing an additional 192 shares during the last quarter. Finally, Colonial Trust Co SC grew its stake in Dollar General by 13.9% in the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock worth $124,000 after purchasing an additional 199 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

DG stock traded down $0.56 during trading on Thursday, hitting $110.89. The company had a trading volume of 933,477 shares, compared to its average volume of 4,069,629. The business has a 50 day moving average of $96.05 and a 200 day moving average of $83.32. The firm has a market capitalization of $24.40 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 2.18 and a beta of 0.26. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week 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 net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same period in the prior year, the business 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, research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Tuesday, July 8th. Dollar General's payout ratio is currently 45.04%.

Analysts Set New Price Targets

Several analysts have issued reports on DG shares. KeyCorp restated a "sector weight" rating on shares of Dollar General in a research note on Wednesday, June 4th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Raymond James raised their price objective on Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Barclays boosted their target price on shares of Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, UBS Group lifted their price target on shares of Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $109.04.

Insider Activity

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares of the company's stock, valued at $4,596,951.04. The trade was a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.56% of the stock is owned by insiders.

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.