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

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 106,598 shares of the company's stock after acquiring 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 reporting period.

Several other large investors also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in Dollar General during the 4th quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new position in Dollar General in the third quarter valued at about $33,000. Providence First Trust Co acquired a new stake in Dollar General during the 4th quarter valued at approximately $33,000. Bogart Wealth LLC increased its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Dollar General in the fourth quarter worth $37,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on DG. Piper Sandler increased 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. Gordon Haskett downgraded shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. BMO Capital Markets raised their target price on shares of Dollar General from $80.00 to $84.00 and gave the stock a "market perform" rating in a report on Friday, December 6th. The Goldman Sachs Group lowered 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. Finally, Barclays cut their price target on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, January 9th. One 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $92.26.

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Dollar General Price Performance

Shares of DG traded up $2.24 during midday trading on Wednesday, reaching $89.84. The stock had a trading volume of 2,906,746 shares, compared to its average volume of 3,668,629. 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 company has a market capitalization of $19.76 billion, a P/E ratio of 14.80, a P/E/G ratio of 2.18 and a beta of 0.44. The firm's 50 day moving average price is $76.83 and its 200-day moving average price is $77.88. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $164.12.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 earnings per share. On average, analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.63%. Dollar General's dividend payout ratio is currently 46.18%.

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.