Mutual of America Capital Management LLC Sells 358 Shares of Dollar General Corporation $DG

Mutual of America Capital Management LLC lowered its stake in shares of Dollar General Corporation (NYSE:DG) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,232 shares of the company’s stock after selling 358 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dollar General were worth $2,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Dollar General by 5.8% during the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after acquiring an additional 110 shares in the last quarter. Tectonic Advisors LLC raised its stake in shares of Dollar General by 1.9% during the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock worth $691,000 after buying an additional 113 shares during the period. Ancora Advisors LLC raised its stake in shares of Dollar General by 1.7% during the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock worth $638,000 after buying an additional 122 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Dollar General by 35.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after buying an additional 128 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Dollar General by 18.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,056 shares of the company’s stock worth $121,000 after buying an additional 163 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DG shares. Wells Fargo & Company upped their target price on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. upped their target price on Dollar General from $95.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dollar General in a research note on Tuesday, October 14th. Barclays upped their target price on Dollar General from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Morgan Stanley boosted their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $115.40.

Dollar General Stock Down 1.0%

Shares of DG opened at $101.92 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. Dollar General Corporation has a one year low of $66.43 and a one year high of $117.95. The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 2.17 and a beta of 0.30. The stock has a 50 day moving average price of $105.49 and a 200 day moving average price of $104.58.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion for 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 firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.3%. Dollar General’s payout ratio is 43.70%.

Dollar General Company Profile

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.