Integrated Wealth Concepts LLC Lowers Stake in Dollar General Corporation $DG

Key Points

• Integrated Wealth Concepts LLC reduced its holdings in Dollar General by 19.7%, selling 4,548 shares and now owns 18,582 shares valued at approximately $1.63 million.
• Dollar General reported $1.86 earnings per share for the last quarter, surpassing estimates of $1.56, and experienced a 5.1% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.59 per share, with an annualized dividend yield of 2.3%, set to be paid on October 21st.

Integrated Wealth Concepts LLC lessened its position in Dollar General Corporation (NYSE:DG - Free Report) by 19.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,582 shares of the company's stock after selling 4,548 shares during the period. Integrated Wealth Concepts LLC's holdings in Dollar General were worth $1,634,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in shares of Dollar General in the 4th quarter worth $31,000. Mountain Hill Investment Partners Corp. lifted its stake in shares of Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Dollar General by 170.1% in 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 period. CVA Family Office LLC lifted its stake in shares of Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after acquiring an additional 161 shares during the period. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of Dollar General in the 4th quarter worth $52,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DG. Piper Sandler raised their price objective 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. Telsey Advisory Group set a $123.00 price objective on shares of Dollar General in a research note on Friday, August 29th. UBS Group raised their price objective on shares of Dollar General from $128.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Wells Fargo & Company raised their price objective 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. Finally, Barclays raised their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, Dollar General currently has a consensus rating of "Hold" and a consensus price target of $112.92.

Insider Activity at Dollar General

In other news, EVP Emily C. Taylor sold 1,969 shares of Dollar General 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 completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders.

Dollar General Price Performance

NYSE:DG traded down $1.07 during mid-day trading on Friday, hitting $104.32. 2,557,185 shares of the company's stock traded hands, compared to its average volume of 3,056,586. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25. The firm's 50 day simple moving average is $110.69 and its 200 day simple moving average is $100.51. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95. The company has a market cap of $22.96 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.29.

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

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. Dollar General's payout ratio 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.