First National Advisers LLC Makes New $2.03 Million Investment in Dollar General Corporation $DG

First National Advisers LLC bought a new stake in Dollar General Corporation (NYSE:DG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,638 shares of the company’s stock, valued at approximately $2,030,000.

Several other institutional investors have also bought and sold shares of DG. Arrowstreet Capital Limited Partnership boosted its holdings in Dollar General by 116.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,714,972 shares of the company’s stock worth $310,538,000 after acquiring an additional 1,458,093 shares during the last quarter. Norges Bank purchased a new position in Dollar General during the second quarter worth about $154,371,000. Massachusetts Financial Services Co. MA grew its position in Dollar General by 15,369.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,219,179 shares of the company’s stock worth $139,450,000 after purchasing an additional 1,211,298 shares in the last quarter. Laurel Wealth Advisors LLC increased its stake in Dollar General by 10,936.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,204,193 shares of the company’s stock valued at $137,736,000 after buying an additional 1,193,282 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Dollar General by 845.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,178,232 shares of the company’s stock worth $134,766,000 after buying an additional 1,053,555 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen raised Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Citigroup raised their target price on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Wells Fargo & Company boosted their price target on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, December 19th. Telsey Advisory Group restated a “market perform” rating and set a $130.00 price objective (up previously from $123.00) on shares of Dollar General in a report on Thursday, December 4th. Finally, UBS Group boosted their target price on shares of Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $140.19.

Insider Activity at Dollar General

In related news, EVP Rhonda Taylor sold 7,500 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the sale, the executive vice president owned 73,492 shares of the company’s stock, valued at approximately $9,913,335.88. This represents a 9.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the sale, the chief accounting officer owned 29,344 shares in the company, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their ownership of the stock. 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 in the last 90 days. 0.56% of the stock is owned by company insiders.

Dollar General Price Performance

Shares of NYSE:DG opened at $148.76 on Friday. The firm has a market capitalization of $32.75 billion, a PE ratio of 25.69, a P/E/G ratio of 2.75 and a beta of 0.26. 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 company has a 50-day moving average price of $125.72 and a two-hundred day moving average price of $113.59. Dollar General Corporation has a twelve month low of $68.10 and a twelve month high of $154.75.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the company posted $0.89 EPS. Dollar General’s revenue 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. Equities analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th will be given a $0.59 dividend. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. Dollar General’s payout ratio is 40.76%.

Dollar General Profile

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.