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

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Dollar General Co. (NYSE:DG - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 355,312 shares of the company's stock after buying an additional 20,513 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Dollar General worth $26,531,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DG. Vanguard Group Inc. raised its stake in Dollar General by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock worth $1,913,036,000 after buying an additional 160,853 shares in the last quarter. Pzena Investment Management LLC lifted its stake in shares of Dollar General by 14.9% in the 4th quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock valued at $892,199,000 after purchasing an additional 1,528,450 shares during the period. State Street Corp boosted its position in shares of Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company's stock valued at $842,208,000 after purchasing an additional 759,869 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Dollar General in the fourth quarter worth $399,433,000. Finally, Geode Capital Management LLC raised its holdings in Dollar General by 3.6% in the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company's stock worth $441,899,000 after purchasing an additional 182,300 shares in the last quarter. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DG. Bank of America decreased their price target on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, March 14th. Wells Fargo & Company lowered their target price on shares of Dollar General from $90.00 to $80.00 and set an "equal weight" rating for the company in a report on Thursday, December 5th. Morgan Stanley cut their price target on Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Truist Financial reduced their price objective 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. Finally, Barclays cut their target price on Dollar General from $102.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday, January 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $92.26.

Dollar General Stock Performance

Shares of NYSE DG traded up $2.59 during midday trading on Wednesday, hitting $90.19. 4,947,488 shares of the company's stock traded hands, compared to its average volume of 3,676,386. The firm has a fifty day moving average of $76.83 and a 200 day moving average of $77.88. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $164.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion during 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%. During the same period in the prior year, the company earned $1.83 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders 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 2.62%. The ex-dividend date of this dividend is Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 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.