Envestnet Portfolio Solutions Inc. Has $218,000 Stock Position in Dollar General Corporation (NYSE:DG)

Envestnet Portfolio Solutions Inc. cut its holdings in Dollar General Corporation (NYSE:DG) by 48.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,484 shares of the company’s stock after selling 2,297 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Dollar General were worth $218,000 as of its most recent SEC filing.

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

Dollar General Price Performance

Shares of NYSE:DG opened at $114.37 on Tuesday. The company has a 50-day moving average price of $102.09 and a two-hundred day moving average price of $86.53. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $135.46. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $25.17 billion, a PE ratio of 21.83, a P/E/G ratio of 2.98 and a beta of 0.26.

Dollar General (NYSE:DG) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.32. The business had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. Dollar General’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 EPS. Equities analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Tuesday, July 8th. Dollar General’s payout ratio is presently 45.04%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DG. Bank of America increased their target price on Dollar General from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Piper Sandler raised their price objective on shares of Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Truist Financial boosted their target price on shares of Dollar General from $93.00 to $112.00 and gave the stock a “hold” rating in a research report on Wednesday, June 4th. Gordon Haskett upgraded shares of Dollar General from a “reduce” rating to an “accumulate” rating in a report on Tuesday, June 3rd. Finally, Cfra Research raised Dollar General to a “hold” rating in a research note on Tuesday, June 3rd. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $109.08.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the firm’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total value of $222,497.00. Following the completion of the transaction, the executive vice president directly owned 46,563 shares of the company’s stock, valued at $5,261,619. This trade represents a 4.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,216 shares of company stock worth $1,017,349. Company insiders own 0.56% of the company’s stock.

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.