Private Trust Co. NA Sells 471 Shares of Dollar General Corporation $DG

Private Trust Co. NA trimmed its stake in shares of Dollar General Corporation (NYSE:DG) by 48.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 501 shares of the company’s stock after selling 471 shares during the quarter. Private Trust Co. NA’s holdings in Dollar General were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its position in Dollar General by 4.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company’s stock worth $2,424,000 after acquiring an additional 1,102 shares during the last quarter. Ballentine Partners LLC bought a new position in Dollar General during the 1st quarter worth approximately $411,000. Golden State Wealth Management LLC grew its position in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock worth $48,000 after acquiring an additional 342 shares during the last quarter. Blair William & Co. IL grew its position in Dollar General by 52.0% during the 2nd quarter. Blair William & Co. IL now owns 5,665 shares of the company’s stock worth $648,000 after acquiring an additional 1,938 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Dollar General by 22.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 42,327 shares of the company’s stock worth $3,722,000 after acquiring an additional 7,700 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DG shares. Morgan Stanley increased their price objective on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. JPMorgan Chase & Co. increased their price objective on Dollar General from $95.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, September 16th. Telsey Advisory Group set a $123.00 price objective on Dollar General in a report on Friday, August 29th. Piper Sandler increased their price objective on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dollar General in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $115.40.

Dollar General Trading Down 0.6%

DG opened at $102.93 on Friday. The stock has a market cap of $22.66 billion, a PE ratio of 19.06, a PEG ratio of 2.18 and a beta of 0.30. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $105.70 and a 200-day moving average of $104.49. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. The company had revenue of $10.73 billion during the quarter, compared to analysts’ expectations 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 last year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is presently 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.