ING Groep NV Trims Stock Holdings in Dollar General Corporation $DG

ING Groep NV reduced its position in Dollar General Corporation (NYSE:DG) by 55.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,450 shares of the company’s stock after selling 35,891 shares during the quarter. ING Groep NV’s holdings in Dollar General were worth $2,940,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DG. Elevation Point Wealth Partners LLC acquired a new stake in Dollar General during the 2nd quarter worth $25,000. Caldwell Trust Co purchased a new stake in shares of Dollar General in the second quarter valued at about $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Dollar General during the second quarter worth about $26,000. Root Financial Partners LLC purchased a new position in shares of Dollar General during the third quarter worth about $26,000. Finally, Peoples Financial Services CORP. acquired a new position in Dollar General in the 3rd quarter valued at about $35,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In related news, EVP Carman R. Wenkoff sold 19,166 shares of Dollar General stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the completion of the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. The trade was a 30.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Rhonda Taylor sold 7,500 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the sale, the executive vice president directly owned 73,492 shares in the company, valued at $9,913,335.88. This trade represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,673 shares of company stock worth $7,713,389 over the last ninety days. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DG has been the subject of a number of recent research reports. Sanford C. Bernstein increased their price objective on Dollar General from $141.00 to $150.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Wells Fargo & Company increased their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, December 19th. Raymond James Financial reissued an “outperform” rating and issued a $135.00 price objective on shares of Dollar General in a research note on Friday, December 5th. Oppenheimer raised their target price on shares of Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Finally, Wall Street Zen upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $144.22.

Dollar General Stock Performance

NYSE:DG opened at $153.76 on Friday. The firm’s fifty day simple moving average is $141.54 and its 200-day simple moving average is $118.48. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The stock has a market cap of $33.85 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 2.47 and a beta of 0.25. Dollar General Corporation has a fifty-two week low of $70.01 and a fifty-two week high of $154.75.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the business earned $0.89 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Analysts expect 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 was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were issued a $0.59 dividend. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.5%. Dollar General’s dividend payout ratio is currently 40.76%.

About Dollar General

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.