Assetmark Inc. Has $3.34 Million Stock Position in Dollar General Corporation $DG

Assetmark Inc. cut its position in Dollar General Corporation (NYSE:DG) by 14.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,293 shares of the company’s stock after selling 5,546 shares during the period. Assetmark Inc.’s holdings in Dollar General were worth $3,337,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new stake in Dollar General during the 2nd quarter valued at $25,000. Caldwell Trust Co bought a new stake in shares of Dollar General during the second quarter worth $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Dollar General in the second quarter valued at $26,000. Root Financial Partners LLC bought a new position in shares of Dollar General in the third quarter valued at about $26,000. Finally, Peoples Financial Services CORP. acquired a new position in Dollar General during the 3rd quarter worth about $35,000. 91.77% of the stock is owned by institutional investors.

Insider Buying and Selling at Dollar General

In related news, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the sale, the chief accounting officer owned 29,344 shares in the company, valued at $3,888,666.88. This trade represents a 7.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,673 shares of company stock worth $7,713,389 over the last three months. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the subject of several research reports. The Goldman Sachs Group upgraded shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Raymond James Financial restated an “outperform” rating and issued a $135.00 price objective on shares of Dollar General in a research report on Friday, December 5th. BNP Paribas Exane upped their price objective on Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Sanford C. Bernstein lifted their target price on Dollar General from $141.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Finally, Truist Financial set a $144.00 target price on Dollar General in a research report on Friday, January 16th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.44.

Dollar General Stock Up 1.6%

Shares of NYSE:DG opened at $152.04 on Thursday. The company has a 50 day moving average price of $143.14 and a two-hundred day moving average price of $119.52. 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 company has a market capitalization of $33.47 billion, a PE ratio of 26.26, a PEG ratio of 2.49 and a beta of 0.25. Dollar General Corporation has a 52 week low of $70.01 and a 52 week high of $155.00.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, topping 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%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, January 6th. 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.