Atlantic Union Bankshares Corp Makes New $1.97 Million Investment in Dollar General Co. (NYSE:DG)

Atlantic Union Bankshares Corp purchased a new stake in shares of Dollar General Co. (NYSE:DG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 14,881 shares of the company’s stock, valued at approximately $1,968,000.

Several other large investors have also made changes to their positions in DG. Burkett Financial Services LLC acquired a new position in Dollar General during the fourth quarter worth $26,000. Fortis Group Advisors LLC increased its holdings in shares of Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Bank & Trust Co bought a new position in shares of Dollar General in the 2nd quarter valued at approximately $26,000. Salem Investment Counselors Inc. lifted its holdings in Dollar General by 104.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after purchasing an additional 128 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Dollar General during the second quarter worth approximately $33,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DG. Wells Fargo & Company reduced their price objective on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. JPMorgan Chase & Co. lowered their price target on Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Loop Capital cut their price objective on Dollar General from $140.00 to $130.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Argus decreased their target price on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Finally, BMO Capital Markets dropped their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research report on Friday, May 31st. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.32.

Dollar General Stock Performance

NYSE DG opened at $123.60 on Friday. The stock has a market cap of $27.18 billion, a P/E ratio of 17.99, a PEG ratio of 2.36 and a beta of 0.43. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $168.07. The company’s 50-day simple moving average is $124.09 and its 200 day simple moving average is $137.02.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The business had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. Dollar General’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.34 EPS. As a group, research analysts forecast that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

About Dollar General

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.