Fjarde AP Fonden Fourth Swedish National Pension Fund Lowers Position in Dollar General Corporation $DG

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Dollar General by 17.1% during the first quarter, owning 27,234 shares valued at approximately $2.40 million after selling 5,600 shares.
• Dollar General's stock is currently rated as a Hold by analysts, with a consensus price target of $108.80, while recent price targets set by firms range as high as $119.00.
• The company announced a quarterly dividend of $0.59 per share, resulting in an annualized yield of 2.1% and a payout ratio of 45.04%.

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 17.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,234 shares of the company's stock after selling 5,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Dollar General were worth $2,395,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DG. Ameriflex Group Inc. bought a new stake in shares of Dollar General in the fourth quarter worth about $31,000. Mountain Hill Investment Partners Corp. grew its stake in Dollar General by 66.7% in the first 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 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 in the last quarter. CVA Family Office LLC increased its stake in shares of Dollar General by 39.4% during the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after purchasing an additional 161 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in Dollar General during the fourth quarter valued at $52,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

DG traded up $2.08 during trading on Wednesday, hitting $114.86. 2,608,638 shares of the company traded hands, compared to its average volume of 2,697,903. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The company has a market cap of $25.28 billion, a PE ratio of 21.92, a P/E/G ratio of 2.76 and a beta of 0.31. The stock's 50-day simple moving average is $112.09 and its two-hundred day simple moving average is $96.10. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 EPS. Dollar General has set its FY 2025 guidance at 5.200-5.800 EPS. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's payout ratio is presently 45.04%.

Analysts Set New Price Targets

Several equities research analysts recently commented on DG shares. The Goldman Sachs Group cut Dollar General from a "buy" rating to a "neutral" rating and increased their price objective for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Guggenheim upped their price objective on Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Evercore ISI raised their target price on Dollar General from $118.00 to $120.00 and gave the stock an "in-line" rating in a research report on Tuesday, August 12th. Sanford C. Bernstein set a $120.00 price target on shares of Dollar General in a research report on Friday, May 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $108.80.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares of the company's stock, 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 through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the transaction, the executive vice president owned 41,646 shares in the company, 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.

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.