Shell Asset Management Co. Has $606,000 Stake in Dollar General Corporation $DG

Shell Asset Management Co. cut its position in shares of Dollar General Corporation (NYSE:DG) by 53.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,865 shares of the company’s stock after selling 6,631 shares during the quarter. Shell Asset Management Co.’s holdings in Dollar General were worth $606,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Cardinal Point Capital Management ULC increased its position in Dollar General by 5.0% in the 3rd quarter. Cardinal Point Capital Management ULC now owns 2,120 shares of the company’s stock valued at $219,000 after buying an additional 100 shares in the last quarter. Meridian Wealth Management LLC grew its stake in Dollar General by 5.5% in the third quarter. Meridian Wealth Management LLC now owns 1,955 shares of the company’s stock valued at $202,000 after acquiring an additional 102 shares during the period. Accurate Wealth Management LLC increased its holdings in shares of Dollar General by 1.2% during the third quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock valued at $952,000 after acquiring an additional 108 shares in the last quarter. Stablepoint Partners LLC raised its position in shares of Dollar General by 0.6% during the second quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock worth $1,999,000 after purchasing an additional 110 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of Dollar General by 2.1% in the 3rd quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock worth $560,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DG shares. Wall Street Zen upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Jefferies Financial Group reissued a “buy” rating and issued a $165.00 price objective on shares of Dollar General in a research note on Monday, January 12th. Argus lifted their target price on Dollar General from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Loop Capital increased their price target on Dollar General from $120.00 to $145.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Finally, Citigroup raised their price objective on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research note on Monday, December 8th. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $144.78.

Insiders Place Their Bets

In other Dollar General news, EVP Bryan D. Wheeler sold 9,776 shares of Dollar General stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $135.32, for a total transaction of $1,322,888.32. Following the completion of the sale, the executive vice president owned 22,295 shares of the company’s stock, valued at $3,016,959.40. The trade was a 30.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Tracey N. Herrmann sold 12,583 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $125.07, for a total value of $1,573,755.81. Following the completion of the sale, the executive vice president owned 30,948 shares of the company’s stock, valued at $3,870,666.36. The trade was a 28.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is owned by corporate insiders.

Dollar General Stock Up 3.5%

Shares of NYSE DG opened at $153.76 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24. The stock has a market capitalization of $33.85 billion, a PE ratio of 26.56, a P/E/G ratio of 2.56 and a beta of 0.24. Dollar General Corporation has a one year low of $70.01 and a one year high of $154.75. The business’s fifty day moving average price is $142.13 and its 200-day moving average price is $119.00.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.33. The company had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.5%. Dollar General’s dividend payout ratio (DPR) is currently 40.76%.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.