Alecta Tjanstepension Omsesidigt Trims Holdings in Dollar General Corporation $DG

Key Points

• Alecta Tjanstepension Omsesidigt reduced its holdings in Dollar General by 12.3% in Q2, now owning approximately 1,546,200 shares worth $176.8 million.
• Dollar General reported $1.86 EPS for the latest quarter, surpassing analysts' expectations of $1.56, and revenue increased by 5.1% year-over-year.
• The company declared a quarterly dividend of $0.59 per share, with the ex-dividend date set for October 7th, representing an annualized yield of 2.2%.

Alecta Tjanstepension Omsesidigt lessened its stake in Dollar General Corporation (NYSE:DG - Free Report) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,546,200 shares of the company's stock after selling 216,200 shares during the period. Alecta Tjanstepension Omsesidigt owned 0.70% of Dollar General worth $176,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the company. Ameriflex Group Inc. acquired a new stake in Dollar General in the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dollar General by 66.7% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC increased 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 purchasing an additional 342 shares in the last quarter. CVA Family Office LLC raised its holdings in Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new position in Dollar General during the fourth quarter valued at approximately $52,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DG has been the topic of several recent research reports. Bank of America boosted their price target on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Guggenheim restated a "buy" rating and set a $125.00 price objective on shares of Dollar General in a research note on Friday, August 29th. Wells Fargo & Company upped their price objective on Dollar General from $105.00 to $115.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Piper Sandler upped their target price on Dollar General from $115.00 to $117.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Finally, Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective for the company in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $114.52.

Dollar General Trading Down 4.5%

NYSE DG traded down $4.81 on Friday, reaching $102.09. The company had a trading volume of 6,057,350 shares, compared to its average volume of 3,114,652. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 2.15 and a beta of 0.29. The business has a 50 day moving average of $109.84 and a two-hundred day moving average of $101.40. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95.

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

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General's dividend payout ratio (DPR) is 43.70%.

About Dollar General

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.