QV Investors Inc. Sells 46,270 Shares of Dollar General Corporation $DG

QV Investors Inc. cut its holdings in Dollar General Corporation (NYSE:DG) by 27.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 123,690 shares of the company’s stock after selling 46,270 shares during the period. QV Investors Inc. owned 0.06% of Dollar General worth $12,783,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Accurate Wealth Management LLC increased its position in Dollar General by 1.2% in the 3rd quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock worth $952,000 after buying an additional 108 shares during the period. Blue Trust Inc. raised its position in Dollar General by 5.8% in the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after purchasing an additional 110 shares in the last quarter. Stablepoint Partners LLC lifted its holdings in shares of Dollar General by 0.6% during the second quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock valued at $1,999,000 after acquiring an additional 110 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of 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 in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Dollar General by 2.1% in the third quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock valued at $560,000 after buying an additional 118 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DG shares. Morgan Stanley upped their price objective on Dollar General from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. BMO Capital Markets boosted their price objective on shares of Dollar General from $115.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, December 5th. Guggenheim raised their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Argus raised their price objective on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Finally, BNP Paribas Exane boosted their price target on Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Fourteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and a consensus price target of $140.19.

Insider Activity

In other news, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was 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 owned 43,179 shares in the company, valued at $5,700,059.79. The trade was a 30.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total value of $304,304.70. Following the completion of the transaction, the executive vice president directly owned 36,108 shares in the company, valued at $4,815,001.80. The trade was a 5.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 58,673 shares of company stock valued at $7,713,389. Company insiders own 0.56% of the company’s stock.

Dollar General Stock Down 1.7%

DG opened at $144.68 on Friday. The stock’s fifty day simple moving average is $129.20 and its 200 day simple moving average is $114.48. Dollar General Corporation has a 1-year low of $69.32 and a 1-year high of $154.75. The stock has a market cap of $31.85 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.67 and a beta of 0.26. 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:DG) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.33. The firm had revenue of $10.65 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, research analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s dividend payout ratio is currently 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.