Dollar General Co. (NYSE:DG) Stake Lifted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Dollar General Co. (NYSE:DG) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,598 shares of the company’s stock after purchasing an additional 4,733 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Dollar General were worth $8,082,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Dollar General in the 4th quarter worth $57,000. Eagle Rock Investment Company LLC lifted its holdings in Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after acquiring an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. bought a new position in shares of Dollar General during the 4th quarter valued at about $2,018,000. DAVENPORT & Co LLC grew its stake in shares of Dollar General by 5,624.9% in the 4th quarter. DAVENPORT & Co LLC now owns 321,623 shares of the company’s stock worth $24,385,000 after purchasing an additional 316,005 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY bought a new stake in shares of Dollar General in the 4th quarter worth approximately $6,158,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 value of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America reduced their target price on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 14th. Piper Sandler lifted their target price on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, March 14th. The Goldman Sachs Group reduced their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. BMO Capital Markets lifted their price target on Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Truist Financial reduced their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $92.26.

Dollar General Stock Performance

Shares of DG stock opened at $86.03 on Friday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $164.12. The stock’s 50-day moving average is $76.12 and its two-hundred day moving average is $77.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a market cap of $18.92 billion, a P/E ratio of 14.17, a PEG ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.83 earnings per share. Analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

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.