Beacon Investment Advisory Services Inc. Cuts Holdings in Dollar General Corporation $DG

Beacon Investment Advisory Services Inc. trimmed its holdings in shares of Dollar General Corporation (NYSE:DG) by 5.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,278 shares of the company’s stock after selling 333 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Dollar General were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of DG. Ameriflex Group Inc. purchased a new position in shares of Dollar General during the 4th quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. raised its stake in shares of Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after buying an additional 342 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after buying an additional 161 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Dollar General by 384.3% during the 1st quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after buying an additional 488 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DG shares. Wells Fargo & Company increased their target price on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Evercore ISI dropped their price objective on Dollar General from $118.00 to $114.00 and set an “in-line” rating for the company in a research note on Tuesday. Wolfe Research began coverage on Dollar General in a research note on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price objective for the company. The Goldman Sachs Group downgraded Dollar General from a “buy” rating to a “neutral” rating and raised their price objective for the company from $115.00 to $116.00 in a research note on Tuesday, June 24th. Finally, Morgan Stanley raised their price objective on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $115.50.

Dollar General Price Performance

Shares of NYSE:DG opened at $102.99 on Friday. The business’s fifty day moving average price is $109.11 and its two-hundred day moving average price is $102.08. The stock has a market cap of $22.67 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 2.20 and a beta of 0.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The firm had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.Dollar General’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. On average, analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio is 43.70%.

About Dollar General

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.