Geneos Wealth Management Inc. Has $5.29 Million Stock Position in Dollar General Corporation $DG

Geneos Wealth Management Inc. grew its holdings in Dollar General Corporation (NYSE:DG) by 2,585.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,208 shares of the company’s stock after acquiring an additional 44,487 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Dollar General were worth $5,285,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DG. Elevation Point Wealth Partners LLC acquired a new stake in Dollar General in the 2nd quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Dollar General during the second quarter worth approximately $26,000. Hantz Financial Services Inc. raised its position in shares of Dollar General by 46.8% in the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after buying an additional 140 shares in the last quarter. MTM Investment Management LLC bought a new stake in shares of Dollar General in the second quarter valued at approximately $51,000. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after buying an additional 128 shares during the period. 91.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup raised their price objective on Dollar General from $112.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Barclays increased their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Oppenheimer boosted their price target on Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Gordon Haskett raised shares of Dollar General from an “accumulate” rating to a “buy” rating in a research report on Thursday, December 4th. Finally, Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $127.60.

Dollar General Price Performance

DG stock opened at $132.97 on Monday. The stock has a market cap of $29.27 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.42 and a beta of 0.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The company has a 50 day simple moving average of $106.36 and a 200 day simple moving average of $108.50. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $135.08.

Dollar General (NYSE:DG) last posted its 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. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The firm had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue 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 anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be given a $0.59 dividend. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.8%. Dollar General’s dividend payout ratio (DPR) is currently 40.76%.

Insider Transactions at Dollar General

In related news, EVP Tracey N. Herrmann sold 4,850 shares of Dollar General stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $131.39, for a total transaction of $637,241.50. Following the sale, the executive vice president directly owned 26,098 shares in the company, valued at $3,429,016.22. This trade represents a 15.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $2,530,103.66. Following the sale, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. The trade was a 30.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,599 shares of company stock worth $4,741,101 over the last three months. Insiders own 0.56% of the company’s stock.

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.