Massachusetts Financial Services Co. MA Reduces Stock Holdings in Dollar General Corporation $DG

Massachusetts Financial Services Co. MA lessened its holdings in shares of Dollar General Corporation (NYSE:DG) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,208,615 shares of the company’s stock after selling 10,564 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.55% of Dollar General worth $124,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of Dollar General in the second quarter worth about $25,000. Caldwell Trust Co acquired a new position in Dollar General in the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new stake in Dollar General in the 2nd quarter worth approximately $26,000. Peoples Financial Services CORP. acquired a new position in shares of Dollar General in the 3rd quarter valued at $35,000. Finally, Byrne Asset Management LLC boosted its holdings in Dollar General by 952.6% during the third quarter. Byrne Asset Management LLC now owns 400 shares of the company’s stock worth $41,000 after buying an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling

In other Dollar General news, EVP Tracey N. Herrmann sold 12,583 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $125.07, for a total value of $1,573,755.81. Following the transaction, the executive vice president owned 30,948 shares of the company’s stock, valued at $3,870,666.36. This represents a 28.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 43,179 shares in the company, valued at $5,700,059.79. This trade represents a 30.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,673 shares of company stock valued at $7,713,389 in the last ninety days. Company insiders own 0.56% of the company’s stock.

Dollar General Stock Down 1.5%

NYSE DG opened at $146.58 on Wednesday. The business’s fifty day simple moving average is $127.53 and its 200-day simple moving average is $114.03. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The firm has a market cap of $32.27 billion, a PE ratio of 25.32, a P/E/G ratio of 2.70 and a beta of 0.26. Dollar General Corporation has a 52 week low of $69.09 and a 52 week high of $154.75.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the business earned $0.89 earnings per share. Dollar General’s revenue 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. As a group, equities analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DG shares. BNP Paribas Exane increased their target price on shares of Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Barclays raised their price objective on Dollar General from $127.00 to $151.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. UBS Group increased their target price on Dollar General from $135.00 to $143.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Loop Capital lifted their price target on shares of Dollar General from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.19.

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.