Precedent Wealth Partners LLC Invests $1.50 Million in Dollar General Corporation $DG

Precedent Wealth Partners LLC bought a new position in shares of Dollar General Corporation (NYSE:DGFree Report) during the third quarter, Holdings Channel.com reports. The fund bought 14,512 shares of the company’s stock, valued at approximately $1,500,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. grew its position in Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after purchasing an additional 110 shares during the last quarter. Stablepoint Partners LLC lifted its stake in shares of Dollar General by 0.6% in the second quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock valued at $1,999,000 after buying an additional 110 shares during the period. Tectonic Advisors LLC lifted its stake in shares of Dollar General by 1.9% in the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after buying an additional 113 shares during the period. Wedmont Private Capital grew its position in Dollar General by 2.1% during the third quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock worth $560,000 after buying an additional 118 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in Dollar General by 1.7% during the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after acquiring an additional 122 shares during the period. 91.77% of the stock is owned by institutional investors.

Dollar General Stock Up 0.1%

Shares of NYSE DG opened at $137.42 on Tuesday. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $138.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17. The business has a fifty day moving average of $110.82 and a two-hundred day moving average of $109.81. The stock has a market cap of $30.25 billion, a PE ratio of 23.73, a PEG ratio of 2.50 and a beta of 0.27.

Dollar General (NYSE:DGGet Free Report) last announced its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The business had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.7%. Dollar General’s payout ratio is 40.76%.

Wall Street Analyst Weigh In

DG has been the subject of a number of research reports. Piper Sandler raised their price objective on Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Citigroup raised their target price on Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Morgan Stanley lifted their price target on shares of Dollar General from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, December 5th. Evercore ISI set a $130.00 price objective on shares of Dollar General in a research note on Friday, December 5th. Finally, Wells Fargo & Company raised their price objective on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, Dollar General has a consensus rating of “Moderate Buy” and an average target price of $131.73.

Get Our Latest Research Report on DG

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the transaction, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tracey N. Herrmann sold 12,583 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total value of $1,573,755.81. Following the sale, the executive vice president owned 30,948 shares in the company, valued at $3,870,666.36. The trade was a 28.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,673 shares of company stock worth $7,713,389 over the last ninety days. 0.56% of the stock is owned by insiders.

Key Headlines Impacting Dollar General

Here are the key news stories impacting Dollar General this week:

Dollar General Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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