Resona Asset Management Co. Ltd. Makes New $4.83 Million Investment in Dollar General Co. (NYSE:DG)

Resona Asset Management Co. Ltd. bought a new stake in Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,657 shares of the company's stock, valued at approximately $4,827,000.

Other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI boosted its stake in shares of Dollar General by 35.6% in the 3rd quarter. National Bank of Canada FI now owns 218,749 shares of the company's stock valued at $18,500,000 after purchasing an additional 57,374 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Dollar General during the third quarter valued at $2,014,000. Nomura Asset Management Co. Ltd. raised its position in shares of Dollar General by 5.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 64,316 shares of the company's stock worth $5,439,000 after acquiring an additional 3,493 shares in the last quarter. Geode Capital Management LLC grew its stake in Dollar General by 3.6% during 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 during the period. Finally, TD Private Client Wealth LLC increased its holdings in Dollar General by 21.6% in the third quarter. TD Private Client Wealth LLC now owns 9,007 shares of the company's stock worth $762,000 after purchasing an additional 1,598 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DG. Telsey Advisory Group reaffirmed a "market perform" rating and set a $85.00 price objective on shares of Dollar General in a research report on Thursday, March 13th. Bank of America dropped their price objective on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $69.00 to $101.00 in a report on Monday, April 7th. Finally, Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $94.75.

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Dollar General Stock Performance

NYSE:DG traded up $0.84 during trading hours on Monday, reaching $89.88. The stock had a trading volume of 713,710 shares, compared to its average volume of 3,836,715. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $150.40. 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 50 day simple moving average of $80.35 and a 200 day simple moving average of $78.19. The stock has a market cap of $19.77 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $10.30 billion for 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 firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.83 EPS. On average, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.59 per share. 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%.

Insider Transactions at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company's stock.

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.