Cornerstone Investment Partners LLC Has $59.97 Million Stock Position in Dollar General Corporation $DG

Cornerstone Investment Partners LLC boosted its stake in Dollar General Corporation (NYSE:DG) by 14.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 580,211 shares of the company’s stock after acquiring an additional 72,347 shares during the period. Dollar General accounts for 2.5% of Cornerstone Investment Partners LLC’s portfolio, making the stock its 19th biggest position. Cornerstone Investment Partners LLC’s holdings in Dollar General were worth $59,965,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Dollar General in the third quarter valued at about $8,803,000. Arista Wealth Management LLC purchased a new position in Dollar General during the third quarter worth about $351,000. Allianz Asset Management GmbH grew its position in Dollar General by 16.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock worth $83,263,000 after purchasing an additional 112,862 shares in the last quarter. Vanguard Group Inc. increased its stake in Dollar General by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after buying an additional 384,447 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Dollar General by 483.1% during the 2nd quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock worth $3,503,000 after buying an additional 25,377 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DG shares. Morgan Stanley boosted their target price on Dollar General from $135.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Jefferies Financial Group reissued a “buy” rating and issued a $165.00 price objective on shares of Dollar General in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a research note on Monday, December 29th. Gordon Haskett lifted their target price on Dollar General from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup boosted their price target on shares of Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $144.22.

Insider Buying and Selling

In related 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 transaction of $2,530,103.66. Following the sale, the executive vice president directly owned 43,179 shares in the company, valued at approximately $5,700,059.79. The trade was a 30.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tracey N. Herrmann sold 12,583 shares of the stock in a transaction dated 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 directly owned 30,948 shares in the company, valued at $3,870,666.36. This trade represents 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 valued at $7,713,389 in the last 90 days. Corporate insiders own 0.56% of the company’s stock.

Dollar General Price Performance

DG opened at $147.10 on Thursday. The company has a market capitalization of $32.38 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.43 and a beta of 0.25. 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 firm has a 50-day moving average price of $140.65 and a 200-day moving average price of $117.94. Dollar General Corporation has a twelve month low of $70.01 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. The company had revenue of $10.65 billion for 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%. Dollar General’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities analysts expect 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 was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is presently 40.76%.

Dollar General Company 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.