Birmingham Capital Management Co. Inc. AL Decreases Holdings in Dollar General Corporation $DG

Birmingham Capital Management Co. Inc. AL reduced its stake in Dollar General Corporation (NYSE:DG) by 23.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 14,045 shares of the company’s stock after selling 4,300 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Dollar General were worth $1,452,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Meridian Wealth Management LLC raised its holdings in shares of Dollar General by 5.5% in the 3rd quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock worth $202,000 after purchasing an additional 102 shares during the period. Accurate Wealth Management LLC raised its stake in shares of Dollar General by 1.2% in the third quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock valued at $952,000 after buying an additional 108 shares during the period. Blue Trust Inc. lifted its position in shares of Dollar General by 5.8% during the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after buying an additional 110 shares during the last quarter. Stablepoint Partners LLC grew its stake in shares of Dollar General by 0.6% during the 2nd quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock worth $1,999,000 after acquiring an additional 110 shares during the period. Finally, Tectonic Advisors LLC increased its holdings in Dollar General by 1.9% in the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock worth $691,000 after acquiring an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity

In related news, EVP Tracey N. Herrmann sold 12,583 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total transaction of $1,573,755.81. Following the transaction, the executive vice president directly owned 30,948 shares of the company’s stock, valued at approximately $3,870,666.36. This trade represents a 28.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $132.52, for a total value of $333,420.32. Following the completion of the sale, the chief accounting officer directly owned 29,344 shares of the company’s stock, valued at approximately $3,888,666.88. This represents a 7.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Oppenheimer increased their target price on shares of Dollar General from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Barclays raised their price objective on shares of Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Morgan Stanley boosted their target price on shares of Dollar General from $135.00 to $160.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. The Goldman Sachs Group upgraded Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Thursday, January 8th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average price target of $142.85.

Dollar General Trading Up 1.2%

Shares of DG opened at $146.70 on Friday. Dollar General Corporation has a 1-year low of $70.01 and a 1-year high of $154.75. The company has a market capitalization of $32.29 billion, a P/E ratio of 25.34, a P/E/G ratio of 2.41 and a beta of 0.25. 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 firm’s 50 day simple moving average is $138.43 and its 200 day simple moving average is $117.07.

Dollar General (NYSE:DG) last issued 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. 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 analyst estimates of $10.60 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Sell-side analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Tuesday, January 6th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, January 6th. Dollar General’s dividend payout ratio is presently 40.76%.

About Dollar General

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.