Dollar General Corporation $DG Shares Purchased by Greenleaf Trust

by · The Markets Daily

Greenleaf Trust grew its stake in shares of Dollar General Corporation (NYSE:DGFree Report) by 8.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,017 shares of the company’s stock after buying an additional 8,087 shares during the quarter. Greenleaf Trust’s holdings in Dollar General were worth $11,267,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Focus Partners Advisor Solutions LLC acquired a new position in shares of Dollar General during the first quarter valued at approximately $249,000. Alliancebernstein L.P. increased its position in shares of Dollar General by 10.5% during the 1st quarter. Alliancebernstein L.P. now owns 298,230 shares of the company’s stock valued at $26,223,000 after purchasing an additional 28,225 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Dollar General by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,317 shares of the company’s stock valued at $2,314,000 after purchasing an additional 1,185 shares during the period. NewEdge Advisors LLC raised its stake in shares of Dollar General by 12.3% in the 1st quarter. NewEdge Advisors LLC now owns 10,450 shares of the company’s stock worth $919,000 after buying an additional 1,148 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Dollar General by 1.1% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 27,598 shares of the company’s stock valued at $2,427,000 after buying an additional 302 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In related news, CAO Anita C. Elliott sold 2,516 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $132.52, for a total transaction of $333,420.32. Following the transaction, the chief accounting officer owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. This trade represents a 7.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 directly owned 22,295 shares of the company’s stock, valued at $3,016,959.40. This represents a 30.48% 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 valued at $7,713,389 in the last ninety days. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DG has been the topic of a number of research analyst reports. Citigroup lifted their target price on Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. UBS Group raised their price objective on shares of Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Guggenheim lifted their price objective on shares of Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Loop Capital increased their target price on shares of Dollar General from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Finally, Wells Fargo & Company raised their target price 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $133.23.

Get Our Latest Report on Dollar General

Dollar General Stock Performance

Shares of DG opened at $138.92 on Tuesday. The company has a market capitalization of $30.58 billion, a PE ratio of 23.99, a PEG ratio of 2.49 and a beta of 0.26. 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’s 50 day moving average price is $117.09 and its 200 day moving average price is $111.44. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $139.83.

Dollar General (NYSE:DGGet Free Report) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Research analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. 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.

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