Dynamic Advisor Solutions LLC Has $1.14 Million Stock Position in Dollar General Co. (NYSE:DG)

Dynamic Advisor Solutions LLC raised its position in Dollar General Co. (NYSE:DGGet Rating) by 6.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,138 shares of the company’s stock after purchasing an additional 292 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Dollar General were worth $1,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Veriti Management LLC grew its stake in Dollar General by 3.3% in the first quarter. Veriti Management LLC now owns 6,273 shares of the company’s stock valued at $1,397,000 after purchasing an additional 203 shares in the last quarter. Acropolis Investment Management LLC grew its stake in Dollar General by 29.4% in the first quarter. Acropolis Investment Management LLC now owns 3,275 shares of the company’s stock valued at $729,000 after purchasing an additional 745 shares in the last quarter. Monterey Private Wealth Inc. purchased a new position in Dollar General in the first quarter valued at about $240,000. Fieldpoint Private Securities LLC grew its stake in Dollar General by 20.7% in the first quarter. Fieldpoint Private Securities LLC now owns 4,682 shares of the company’s stock valued at $1,042,000 after purchasing an additional 804 shares in the last quarter. Finally, Bath Savings Trust Co boosted its stake in shares of Dollar General by 5.1% during the 1st quarter. Bath Savings Trust Co now owns 15,026 shares of the company’s stock worth $3,345,000 after acquiring an additional 733 shares in the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

In other Dollar General news, Director Patricia Filikrushel sold 5,289 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $221.59, for a total value of $1,171,989.51. Following the transaction, the director now directly owns 22,793 shares in the company, valued at approximately $5,050,700.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Antonio Zuazo sold 2,999 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $227.43, for a total value of $682,062.57. Following the completion of the transaction, the executive vice president now owns 9,491 shares in the company, valued at $2,158,538.13. The disclosure for this sale can be found here. Insiders have sold a total of 15,790 shares of company stock valued at $3,622,273 over the last ninety days. Insiders own 0.73% of the company’s stock.

Shares of DG opened at $240.52 on Thursday. Dollar General Co. has a 1 year low of $183.25 and a 1 year high of $262.20. The company has a current ratio of 0.97, a quick ratio of 0.09 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $231.36 and a 200-day simple moving average of $222.43. The stock has a market cap of $54.60 billion, a PE ratio of 24.67, a PEG ratio of 1.71 and a beta of 0.52.

Dollar General (NYSE:DGGet Rating) last released its quarterly earnings results on Thursday, May 26th. The company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.10. Dollar General had a return on equity of 37.05% and a net margin of 6.58%. The firm had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same period last year, the firm posted $2.82 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Dollar General Co. will post 11.5 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $2.20 dividend on an annualized basis and a yield of 0.91%. Dollar General’s dividend payout ratio is 22.56%.

Several analysts have recently issued reports on the company. Piper Sandler decreased their price target on Dollar General from $270.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, March 18th. Loop Capital reiterated a “buy” rating on shares of Dollar General in a research note on Friday, May 20th. Wells Fargo & Company upped their price target on Dollar General from $220.00 to $255.00 in a research note on Thursday, March 17th. Telsey Advisory Group decreased their price target on Dollar General from $265.00 to $230.00 and set an “outperform” rating for the company in a research note on Tuesday, May 24th. Finally, JPMorgan Chase & Co. decreased their target price on Dollar General from $272.00 to $263.00 and set an “overweight” rating for the company in a research note on Monday, March 14th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Dollar General has an average rating of “Moderate Buy” and an average price target of $245.33.

Dollar General Profile (Get Rating)

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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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