Corient Private Wealth LLC Raises Stake in Dollar General Corporation $DG

Corient Private Wealth LLC boosted its stake in Dollar General Corporation (NYSE:DGFree Report) by 32.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,716 shares of the company’s stock after purchasing an additional 5,263 shares during the quarter. Corient Private Wealth LLC’s holdings in Dollar General were worth $2,484,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Financial LLC bought a new position in shares of Dollar General in the first quarter valued at approximately $203,000. Norinchukin Bank The boosted its holdings in Dollar General by 10.1% in the 1st quarter. Norinchukin Bank The now owns 8,539 shares of the company’s stock valued at $751,000 after purchasing an additional 782 shares during the period. Kestra Advisory Services LLC boosted its holdings in Dollar General by 61.2% in the 1st quarter. Kestra Advisory Services LLC now owns 57,498 shares of the company’s stock valued at $5,056,000 after purchasing an additional 21,837 shares during the period. Allstate Corp grew its position in shares of Dollar General by 26.8% during the 1st quarter. Allstate Corp now owns 8,254 shares of the company’s stock valued at $726,000 after purchasing an additional 1,744 shares in the last quarter. Finally, Haverford Trust Co increased its holdings in shares of Dollar General by 17.0% in the first quarter. Haverford Trust Co now owns 4,126 shares of the company’s stock worth $363,000 after purchasing an additional 598 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dollar General news, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, 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 the SEC website. Also, EVP Roderick J. West sold 2,282 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the sale, the executive vice president directly owned 36,108 shares of the company’s stock, valued at approximately $4,815,001.80. This represents a 5.94% 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 over the last three months. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore ISI set a $130.00 price objective on Dollar General in a research note on Friday, December 5th. Gordon Haskett lifted their price target on Dollar General from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Loop Capital boosted their price objective on Dollar General from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, December 5th. Argus raised their target price on shares of Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Finally, Oppenheimer lifted their target price on shares of Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Dollar General presently has an average rating of “Moderate Buy” and a consensus price target of $131.73.

View Our Latest Research Report on DG

More Dollar General News

Here are the key news stories impacting Dollar General this week:

Dollar General Trading Up 0.1%

NYSE DG opened at $137.42 on Tuesday. The firm has a market cap of $30.25 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.50 and a beta of 0.27. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $138.46. The stock has a 50-day moving average of $110.82 and a 200-day moving average of $109.81. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a return on equity of 18.59% and a net margin of 3.03%.The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, sell-side 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, January 20th. Investors of record on Tuesday, January 6th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 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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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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