Mitsubishi UFJ Asset Management Co. Ltd. Has $35.09 Million Stock Position in Dollar General Corporation (NYSE:DG)

Key Points

• Mitsubishi UFJ Asset Management has increased its stake in Dollar General Corporation by 12.3%, now holding approximately 0.18% of the company, valued at $35.09 million.
• Dollar General's recent quarterly earnings exceeded analysts' expectations, reporting $1.78 EPS against an estimate of $1.46, with total revenue of $10.44 billion.
• The company has declared a quarterly dividend of $0.59, reflecting an annualized yield of 2.0%, with a payout ratio currently at 45.04%.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 399,060 shares of the company's stock after acquiring an additional 43,748 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of Dollar General worth $35,089,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC acquired a new stake in Dollar General in the first quarter valued at $280,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock valued at $2,424,000 after buying an additional 1,102 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Dollar General by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock valued at $921,000 after buying an additional 5,171 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Dollar General by 18.1% in the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock valued at $8,137,000 after buying an additional 16,453 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Dollar General by 48.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock valued at $288,000 after purchasing an additional 1,081 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Up 0.6%

Shares of NYSE:DG opened at $116.31 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74. The stock has a market cap of $25.60 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.85 and a beta of 0.31. The business's 50 day moving average is $111.60 and its 200 day moving average is $94.07. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.25 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, July 8th. Dollar General's payout ratio is presently 45.04%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Guggenheim increased their target price on shares of Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Evercore ISI increased their price objective on shares of Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a research report on Thursday, June 5th. Cfra Research upgraded Dollar General to a "hold" rating in a report on Tuesday, June 3rd. Morgan Stanley increased their price target on Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Finally, UBS Group increased their price target on Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Sixteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $108.40.

Insider Buying and Selling

In other Dollar General news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. The trade was a 4.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This represents a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

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.

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