Dollar General Corporation $DG Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of Dollar General Corporation (NYSE:DG) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,883 shares of the company’s stock after selling 796 shares during the period. Truist Financial Corp’s holdings in Dollar General were worth $4,104,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC grew its stake in shares of Dollar General by 1.7% in the first quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock worth $638,000 after purchasing an additional 122 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after buying an additional 128 shares in the last quarter. CVA Family Office LLC grew its position in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company’s stock valued at $50,000 after buying an additional 161 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Dollar General by 18.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company’s stock valued at $121,000 after buying an additional 163 shares during the period. Finally, Allworth Financial LP raised its position in shares of Dollar General by 12.1% during the 1st quarter. Allworth Financial LP now owns 1,519 shares of the company’s stock worth $142,000 after buying an additional 164 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Trading Up 1.9%

Dollar General stock opened at $98.20 on Thursday. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 2.03 and a beta of 0.30. The company has a 50 day moving average price of $107.75 and a 200 day moving average price of $103.32.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s payout ratio is 43.70%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DG shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dollar General in a report on Saturday, September 27th. Barclays increased their price target on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Sanford C. Bernstein lifted their price target on Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Wells Fargo & Company upped their price objective on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. lifted their target price on Dollar General from $95.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $115.40.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.