Tokio Marine Asset Management Co. Ltd. Has $670,000 Position in Dollar General Co. (NYSE:DG)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Dollar General Co. (NYSE:DG) by 16.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 7,921 shares of the company’s stock after acquiring an additional 1,131 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Dollar General were worth $670,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DG. Metis Global Partners LLC grew its position in shares of Dollar General by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock worth $596,000 after buying an additional 135 shares during the period. Curi RMB Capital LLC bought a new position in Dollar General during the 3rd quarter worth approximately $328,000. KBC Group NV grew its holdings in Dollar General by 2.0% during the third quarter. KBC Group NV now owns 34,376 shares of the company’s stock valued at $2,907,000 after purchasing an additional 660 shares during the period. Oppenheimer & Co. Inc. increased its stake in Dollar General by 13.7% in the third quarter. Oppenheimer & Co. Inc. now owns 3,114 shares of the company’s stock valued at $263,000 after purchasing an additional 376 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Dollar General by 7.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 62,696 shares of the company’s stock worth $5,302,000 after purchasing an additional 4,589 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 41.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Stock Down 1.5 %

Dollar General stock opened at $75.88 on Friday. Dollar General Co. has a twelve month low of $73.51 and a twelve month high of $168.07. The stock has a market cap of $16.69 billion, a P/E ratio of 11.78, a P/E/G ratio of 2.24 and a beta of 0.45. The company’s 50-day moving average price is $81.85 and its two-hundred day moving average price is $110.38. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period in the previous year, the business posted $2.13 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts expect that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 3.11%. Dollar General’s dividend payout ratio (DPR) is presently 36.65%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, August 27th. Bernstein Bank decreased their target price on Dollar General from $98.00 to $94.00 in a research note on Friday. Morgan Stanley lowered Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $170.00 to $100.00 in a research report on Friday, August 30th. UBS Group cut their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $104.45.

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.