US Bancorp DE Has $2.20 Million Stock Holdings in Dollar General Corporation $DG

US Bancorp DE cut its stake in shares of Dollar General Corporation (NYSE:DG) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,239 shares of the company’s stock after selling 2,342 shares during the period. US Bancorp DE’s holdings in Dollar General were worth $2,201,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Mountain Hill Investment Partners Corp. boosted its position in Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Dollar General by 170.1% during the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after purchasing an additional 342 shares during the last quarter. Larson Financial Group LLC boosted its position in Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares during the last quarter. Finally, Bogart Wealth LLC boosted its position in Dollar General by 37.6% during the first quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after purchasing an additional 184 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

NYSE:DG opened at $106.35 on Thursday. The stock has a market cap of $23.41 billion, a P/E ratio of 19.69, a PEG ratio of 2.18 and a beta of 0.30. The stock has a 50 day simple moving average of $106.98 and a 200 day simple moving average of $103.92. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95.

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

Dollar General Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is 43.70%.

Analyst Ratings Changes

Several brokerages recently commented on DG. Wells Fargo & Company increased their price target on Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Barclays raised their price objective on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. raised their price objective on Dollar General from $95.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Guggenheim reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Dollar General in a research report on Friday, August 29th. Finally, The Goldman Sachs Group cut Dollar General from a “buy” rating to a “neutral” rating and raised their price objective for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. One equities 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 company’s stock. According to MarketBeat, the company currently has a consensus 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.