Markel Group Inc. Has $76.43 Million Stock Holdings in Dollar General Corporation (NYSE:DG)

Markel Group Inc. raised its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 869,250 shares of the company's stock after purchasing an additional 33,500 shares during the quarter. Markel Group Inc. owned 0.40% of Dollar General worth $76,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd bought a new position in Dollar General in the 4th quarter valued at $25,000. Ameriflex Group Inc. bought a new position in shares of Dollar General in the fourth quarter valued at about $31,000. Mountain Hill Investment Partners Corp. lifted its position in 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 buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC grew its holdings 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 acquiring an additional 342 shares during the last quarter. Finally, CVA Family Office LLC increased its position in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after acquiring an additional 161 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

NYSE:DG opened at $109.28 on Friday. The firm's fifty day moving average price is $107.38 and its two-hundred day moving average price is $89.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The company has a market cap of $24.05 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.76 and a beta of 0.31. Dollar General Corporation has a one year low of $66.43 and a one year high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The company had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the company earned $1.65 earnings per share. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. Equities analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DG shares. Melius raised shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Tuesday, April 8th. Oppenheimer raised Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 target price for the company in a research note on Wednesday, June 4th. Morgan Stanley upped their price target on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Cfra Research upgraded Dollar General to a "hold" rating in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group downgraded shares of Dollar General from a "buy" rating to a "neutral" rating and upped their target price for the company from $115.00 to $116.00 in a research report on Tuesday, June 24th. Sixteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $107.04.

Insider Activity

In other news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was 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 of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

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.

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