Jamison Private Wealth Management Inc. Grows Stock Holdings in Dollar General Corporation (NYSE:DG)

Jamison Private Wealth Management Inc. raised its holdings in Dollar General Corporation (NYSE:DG) by 64.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,620 shares of the company’s stock after acquiring an additional 1,804 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Dollar General were worth $406,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Dollar General by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company’s stock worth $1,913,036,000 after buying an additional 160,853 shares during the last quarter. Pzena Investment Management LLC grew its position in Dollar General by 14.9% during the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company’s stock valued at $892,199,000 after acquiring an additional 1,528,450 shares during the period. Geode Capital Management LLC increased its stake in Dollar General by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company’s stock worth $405,425,000 after acquiring an additional 118,204 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Dollar General in the 4th quarter worth about $399,433,000. Finally, ACR Alpine Capital Research LLC lifted its stake in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after purchasing an additional 3,994,070 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the business’s stock in a transaction dated Thursday, June 12th. The shares were 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 owns 41,646 shares of the company’s stock, valued at $4,646,027.76. This represents a 13.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the transaction, the executive vice president now directly owns 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,216 shares of company stock valued at $1,017,349. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DG. Citigroup increased their target price on shares of Dollar General from $101.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Gordon Haskett raised shares of Dollar General from a “reduce” rating to an “accumulate” rating in a research report on Tuesday, June 3rd. Piper Sandler lifted their target price on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, March 14th. Cfra Research upgraded Dollar General to a “hold” rating in a report on Tuesday, June 3rd. Finally, KeyCorp restated a “sector weight” rating on shares of Dollar General in a research note on Wednesday, June 4th. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.04.

Dollar General Trading Down 0.7%

NYSE DG opened at $111.47 on Friday. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.91 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. The company’s fifty day moving average price is $99.44 and its two-hundred day moving average price is $85.07.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 earnings per share. As a group, research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.59 dividend. 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 2.12%. Dollar General’s dividend payout ratio (DPR) is 45.04%.

Dollar General Company 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.