Intact Investment Management Inc. Has $5.47 Million Holdings in Dollar General Corporation $DG

Intact Investment Management Inc. increased its holdings in shares of Dollar General Corporation (NYSE:DGFree Report) by 153.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 52,900 shares of the company’s stock after acquiring an additional 32,000 shares during the period. Intact Investment Management Inc.’s holdings in Dollar General were worth $5,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Accurate Wealth Management LLC raised its stake in shares of Dollar General by 1.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock worth $952,000 after purchasing an additional 108 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Dollar General by 5.8% in the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after buying an additional 110 shares during the last quarter. Stablepoint Partners LLC boosted its stake in shares of Dollar General by 0.6% during the 2nd quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock worth $1,999,000 after acquiring an additional 110 shares during the period. Tectonic Advisors LLC increased its holdings in shares of Dollar General by 1.9% during the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock worth $691,000 after acquiring an additional 113 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in Dollar General by 2.1% in the 3rd quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock valued at $560,000 after acquiring an additional 118 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Bryan D. Wheeler sold 9,776 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the sale, the executive vice president owned 22,295 shares in the company, valued at $3,016,959.40. The trade was a 30.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rhonda Taylor sold 7,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total transaction of $1,011,675.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 58,673 shares of company stock valued at $7,713,389. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price objective for the company in a research report on Thursday, January 8th. Guggenheim boosted their price objective on shares of Dollar General from $125.00 to $140.00 and gave the company a “buy” rating in a report on Friday, December 5th. Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Jefferies Financial Group restated a “buy” rating and issued a $165.00 price target on shares of Dollar General in a research report on Monday, January 12th. Finally, BNP Paribas Exane boosted their price objective on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $140.19.

Check Out Our Latest Analysis on DG

Key Headlines Impacting Dollar General

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

Dollar General Price Performance

DG stock opened at $146.87 on Monday. The company has a market capitalization of $32.33 billion, a P/E ratio of 25.37, a PEG ratio of 2.66 and a beta of 0.26. Dollar General Corporation has a 52-week low of $69.32 and a 52-week high of $154.75. The company has a fifty day moving average price of $130.05 and a 200-day moving average price of $114.72. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.24 and a current ratio of 1.17.

Dollar General (NYSE:DGGet Free Report) last posted its quarterly earnings data 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 analyst estimates of $10.60 billion. During the same period in the prior year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, January 6th. Dollar General’s payout ratio is presently 40.76%.

Dollar General 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.

See Also

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corporation (NYSE:DGFree Report).

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

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