Dollar General Co. (NYSE:DG) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Dollar General Co. (NYSE:DG) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 355,312 shares of the company’s stock after purchasing an additional 20,513 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Dollar General were worth $26,531,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DG. IMG Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dollar General during the 3rd quarter worth approximately $33,000. Providence First Trust Co acquired a new stake in shares of Dollar General in the 4th quarter worth approximately $33,000. Bogart Wealth LLC increased its stake in Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Dollar General in the fourth quarter valued at $37,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of DG opened at $86.03 on Monday. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a market cap of $18.92 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 2.18 and a beta of 0.44. The stock has a 50 day moving average of $76.12 and a 200-day moving average of $77.83.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.74%. Dollar General’s payout ratio is currently 46.18%.

Analysts Set New Price Targets

Several equities analysts recently commented on DG shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 target price (down from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. The Goldman Sachs Group lowered their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Piper Sandler lifted their price objective on Dollar General from $79.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, March 14th. Gordon Haskett cut Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Bank of America reduced their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $92.26.

Insider Activity

In related news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

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.