Cornerstone Wealth Group LLC Has $10.70 Million Holdings in Dollar General Corporation $DG

Cornerstone Wealth Group LLC boosted its position in Dollar General Corporation (NYSE:DG) by 6.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 93,526 shares of the company’s stock after acquiring an additional 5,394 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Dollar General were worth $10,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DG. Park Avenue Securities LLC bought a new stake in Dollar General in the 1st quarter valued at $378,000. Farther Finance Advisors LLC boosted its holdings in Dollar General by 48.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company’s stock valued at $288,000 after purchasing an additional 1,081 shares during the period. GAMMA Investing LLC boosted its holdings in Dollar General by 23.0% in the 1st quarter. GAMMA Investing LLC now owns 6,068 shares of the company’s stock valued at $534,000 after purchasing an additional 1,136 shares during the period. Fifth Third Bancorp boosted its holdings in Dollar General by 66.7% in the 1st quarter. Fifth Third Bancorp now owns 9,035 shares of the company’s stock valued at $794,000 after purchasing an additional 3,614 shares during the period. Finally, CVA Family Office LLC boosted its holdings 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 purchasing an additional 161 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DG shares. Wolfe Research started coverage on shares of Dollar General in a report on Thursday, September 18th. They issued an “outperform” rating and a $139.00 price target for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a report on Saturday, September 27th. Sanford C. Bernstein increased their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Guggenheim reissued a “buy” rating and issued a $125.00 price target on shares of Dollar General in a report on Friday, August 29th. Finally, Morgan Stanley lifted their target price on shares of Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $115.40.

Dollar General Stock Performance

NYSE DG opened at $101.84 on Tuesday. The stock has a market cap of $22.42 billion, a P/E ratio of 18.86, a PEG ratio of 2.09 and a beta of 0.30. The company’s 50-day simple moving average is $107.26 and its 200 day simple moving average is $103.90. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the previous year, the firm posted $1.70 earnings per share. 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. As a group, research analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is currently 43.70%.

Dollar General Company 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.