Dollar General Corporation (NYSE:DG) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. cut its stake in Dollar General Corporation (NYSE:DG) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,776 shares of the company’s stock after selling 154 shares during the quarter. Brown Advisory Inc.’s holdings in Dollar General were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DG. IMG Wealth Management Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in Dollar General in the 4th quarter valued at about $25,000. Ameriflex Group Inc. acquired a new position in Dollar General in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC grew its position in Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after acquiring an additional 342 shares in the last quarter. Finally, CVA Family Office LLC grew its position in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after acquiring an additional 161 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group downgraded Dollar General from a “buy” rating to a “neutral” rating and lifted their target price for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Morgan Stanley lifted their price objective on Dollar General from $85.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 4th. Gordon Haskett upgraded Dollar General from a “reduce” rating to an “accumulate” rating in a research note on Tuesday, June 3rd. Barclays lifted their price objective on Dollar General from $100.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial lifted their price objective on Dollar General from $100.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $107.04.

Dollar General Trading Down 1.0%

Shares of NYSE DG opened at $113.22 on Wednesday. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.81 and a beta of 0.31. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $128.62. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The stock’s 50 day simple moving average is $106.64 and its 200 day simple moving average is $89.40.

Dollar General (NYSE:DG) last posted its earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The firm had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. During the same period last year, the firm earned $1.65 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts expect that Dollar General Corporation will post 5.75 EPS for the current 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 given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General’s dividend payout ratio (DPR) is presently 45.04%.

Insider Buying and Selling at Dollar General

In related news, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the transaction, the executive vice president directly owned 41,646 shares in the company, valued at $4,646,027.76. The trade was a 13.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Emily C. Taylor sold 1,969 shares of Dollar General 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 completion of the transaction, the executive vice president owned 46,563 shares in the company, valued at $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. 0.56% of the stock is currently owned by company insiders.

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.