2,166 Shares in Dollar General Corporation $DG Purchased by Welch Group LLC

Welch Group LLC purchased a new position in Dollar General Corporation (NYSE:DG) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 2,166 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors have also modified their holdings of DG. Park Avenue Securities LLC acquired a new position in shares of Dollar General in the first quarter worth about $378,000. Farther Finance Advisors LLC lifted its stake in shares of Dollar General by 48.9% in the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock worth $288,000 after acquiring an additional 1,081 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Dollar General by 23.0% in the first quarter. GAMMA Investing LLC now owns 6,068 shares of the company’s stock worth $534,000 after acquiring an additional 1,136 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Dollar General by 66.7% in the first quarter. Fifth Third Bancorp now owns 9,035 shares of the company’s stock worth $794,000 after acquiring an additional 3,614 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company’s stock worth $50,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analyst Ratings Changes

DG has been the subject of several research analyst reports. Gordon Haskett lowered their price objective on Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. Raymond James Financial boosted their price objective on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a report on Saturday, September 27th. Wells Fargo & Company boosted their price objective on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Finally, Wolfe Research initiated coverage on Dollar General in a report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $115.40.

Dollar General Trading Up 2.6%

Shares of NYSE:DG opened at $101.84 on Tuesday. The company has a market cap of $22.42 billion, a PE ratio of 18.86, a P/E/G ratio of 2.09 and a beta of 0.30. The company’s 50-day moving average price is $107.26 and its 200 day moving average price is $103.90. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.30. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. Dollar General’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be given a $0.59 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General’s dividend payout ratio (DPR) is currently 43.70%.

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.