Vanguard Group Inc. Has $2.32 Billion Stake in Dollar General Corporation (NYSE:DG)

Key Points

• Vanguard Group Inc. increased its stake in Dollar General Corporation by 4.8% in Q1, owning over 26 million shares valued at approximately $2.32 billion.
• Dollar General reported earnings of $1.78 per share and revenue of $10.44 billion for the latest quarter, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.59 per share, representing a yield of 2.0% and a payout ratio of 45.04%.

Vanguard Group Inc. boosted its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,433,202 shares of the company's stock after acquiring an additional 1,201,917 shares during the period. Vanguard Group Inc. owned 12.02% of Dollar General worth $2,324,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DG. Altshuler Shaham Ltd bought a new position in shares of Dollar General during the 4th quarter worth about $25,000. Ameriflex Group Inc. bought a new position in shares of Dollar General during the 4th quarter worth about $31,000. Mountain Hill Investment Partners Corp. increased 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 holdings in shares of 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 during the period. Finally, CVA Family Office LLC increased its holdings in shares of Dollar General by 39.4% during the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

Dollar General Trading Up 0.6%

Shares of DG opened at $116.31 on Friday. The firm has a market cap of $25.60 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.83 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $126.98. The firm has a 50 day moving average price of $111.60 and a 200-day moving average price of $93.90.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. The business had revenue of $10.44 billion for 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 company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.65 EPS. As a group, equities research analysts forecast 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 was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.0%. Dollar General's dividend payout ratio is currently 45.04%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. KeyCorp reissued a "sector weight" rating on shares of Dollar General in a research report on Wednesday, June 4th. Citigroup increased their price target on shares of Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Truist Financial increased their price target on shares of Dollar General from $93.00 to $112.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their price target on shares of Dollar General from $80.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 4th. Finally, Loop Capital increased their price target on shares of Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a research report on Thursday, July 10th. Sixteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $108.40.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the company's 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 owned 46,563 shares in the company, valued at approximately $5,261,619. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the executive vice president owned 41,646 shares of the company's stock, valued at $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate 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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