Birmingham Capital Management Co. Inc. AL Purchases 10,361 Shares of Dollar General Corporation $DG

Key Points

• Birmingham Capital Management Co. Inc. increased its stake in Dollar General Corporation by 40.8%, acquiring an additional 10,361 shares and bringing its total holdings to 35,731 shares.
• Dollar General's stock is currently priced at $106.46, showing a 1.8% increase, with a market capitalization of $23.43 billion and a PE ratio of 19.72.
• The company announced a quarterly dividend of $0.59 per share, with a record date of October 7th, representing a total annualized dividend of $2.36 and a yield of 2.2%.

Birmingham Capital Management Co. Inc. AL raised its stake in Dollar General Corporation (NYSE:DG - Free Report) by 40.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,731 shares of the company's stock after acquiring an additional 10,361 shares during the period. Dollar General makes up 1.2% of Birmingham Capital Management Co. Inc. AL's portfolio, making the stock its 29th largest holding. Birmingham Capital Management Co. Inc. AL's holdings in Dollar General were worth $3,142,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of DG. Sowell Financial Services LLC purchased a new stake in shares of Dollar General during the 1st quarter valued at about $280,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock valued at $2,424,000 after acquiring an additional 1,102 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Dollar General by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock valued at $921,000 after acquiring an additional 5,171 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Dollar General by 18.1% in the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock valued at $8,137,000 after acquiring an additional 16,453 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Dollar General by 48.9% in the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock valued at $288,000 after acquiring an additional 1,081 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Stock Up 1.8%

Shares of NYSE DG opened at $106.46 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $23.43 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 2.20 and a beta of 0.29. The stock's fifty day simple moving average is $111.07 and its two-hundred day simple moving average is $99.97. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last issued 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 firm 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 quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, October 7th. Dollar General's payout ratio is 43.70%.

Analyst Upgrades and Downgrades

DG has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price on the stock in a research note on Wednesday, June 4th. Evercore ISI increased their target price on shares of Dollar General from $118.00 to $120.00 and gave the company an "in-line" rating in a research note on Tuesday, August 12th. Finally, Wells Fargo & Company boosted their target price on shares of Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $112.92.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the transaction, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. The trade was a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by company insiders.

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.

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