Cincinnati Financial Corp Has $17.73 Million Stock Position in Dollar General Corporation $DG

Cincinnati Financial Corp lifted its stake in shares of Dollar General Corporation (NYSE:DG) by 181.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,000 shares of the company’s stock after purchasing an additional 100,000 shares during the period. Cincinnati Financial Corp owned 0.07% of Dollar General worth $17,729,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in Dollar General during the second quarter worth $26,000. Hantz Financial Services Inc. increased its stake in shares of Dollar General by 46.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares during the period. Mountain Hill Investment Partners Corp. lifted its stake in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after purchasing an additional 488 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Up 3.5%

Shares of Dollar General stock opened at $99.27 on Friday. The firm has a 50-day moving average of $103.05 and a 200-day moving average of $105.44. The stock has a market cap of $21.85 billion, a PE ratio of 18.38, a PEG ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $117.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $10.68 billion. During the same period in the prior year, the company posted $1.70 earnings per share. Dollar General’s revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, October 7th. Dollar General’s payout ratio is 43.70%.

Wall Street Analyst Weigh In

DG has been the subject of a number of recent analyst reports. Barclays raised their price objective on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Raymond James Financial raised their price target on Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dollar General in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, Piper Sandler raised their target price on shares of Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $115.64.

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.