Dollar General Corporation $DG Shares Purchased by Comerica Bank

Key Points

• Comerica Bank increased its stake in Dollar General Corporation by 14.8% during the first quarter, owning 43,056 shares valued at approximately $3.79 million by the end of the period.
• Several institutional investors have also adjusted their holdings, with 91.77% of Dollar General's stock currently owned by hedge funds and other institutional investors.
• Dollar General recently declared a quarterly dividend of $0.59 per share, reflecting an annualized payout of $2.36 and a yield of 2.2%.

Comerica Bank increased its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 14.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,056 shares of the company's stock after acquiring an additional 5,556 shares during the period. Comerica Bank's holdings in Dollar General were worth $3,786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new stake in Dollar General in the 4th quarter worth $31,000. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dollar General by 66.7% during the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after buying an additional 342 shares during the last quarter. CVA Family Office LLC boosted its stake in Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after buying an additional 161 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Dollar General in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Stock Performance

DG traded down $1.09 on Thursday, hitting $108.60. 1,381,948 shares of the company traded hands, compared to its average volume of 3,729,683. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95. The company has a 50 day moving average of $111.77 and a 200-day moving average of $98.85. The company has a quick ratio of 0.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $23.90 billion, a PE ratio of 20.11, a PEG ratio of 2.22 and a beta of 0.29.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. During the same quarter in the previous year, the company earned $1.70 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

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

Analyst Upgrades and Downgrades

DG has been the subject of several research reports. Citigroup lifted their target price on Dollar General from $101.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research note on Friday, August 29th. Wells Fargo & Company boosted their price target on shares of Dollar General from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Jefferies Financial Group reiterated a "buy" rating on shares of Dollar General in a research note on Tuesday, June 3rd. Finally, Oppenheimer upgraded Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, Dollar General has an average rating of "Hold" and a consensus price target of $112.92.

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the sale, the executive vice president owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

Dollar General 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.