Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Dollar General Co. (NYSE:DG)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Dollar General Co. (NYSE:DG) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 355,312 shares of the company’s stock after purchasing an additional 20,513 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Dollar General worth $26,531,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Dollar General in the fourth quarter valued at $57,000. Eagle Rock Investment Company LLC lifted its position in Dollar General by 16.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after buying an additional 4,048 shares during the last quarter. Leibman Financial Services Inc. purchased a new position in Dollar General during the fourth quarter worth about $2,018,000. DAVENPORT & Co LLC raised 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 valued at $24,385,000 after acquiring an additional 316,005 shares during the period. Finally, Matrix Asset Advisors Inc. NY acquired a new position in shares of Dollar General in the 4th quarter worth approximately $6,158,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DG. Citigroup cut their target price on Dollar General from $73.00 to $69.00 and set a “sell” rating on the stock in a research report on Friday, March 7th. Piper Sandler increased their target price on Dollar General from $79.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, March 14th. Truist Financial dropped their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Barclays reduced their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Finally, BMO Capital Markets upped their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $92.26.

Dollar General Price Performance

Shares of NYSE:DG opened at $86.03 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $164.12. The firm has a market capitalization of $18.92 billion, a P/E ratio of 14.17, a P/E/G ratio of 2.18 and a beta of 0.44. The company’s fifty day moving average price is $76.12 and its 200 day moving average price is $77.83.

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

Dollar General Announces Dividend

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

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company’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 sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by company insiders.

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.