Mufg Securities Americas Inc. Purchases Shares of 3,247 Dollar General Co. (NYSE:DG)

Mufg Securities Americas Inc. purchased a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,247 shares of the company's stock, valued at approximately $246,000.

Several other institutional investors have also added to or reduced their stakes in DG. First Eagle Investment Management LLC purchased a new position in Dollar General during the 4th quarter valued at approximately $399,433,000. ACR Alpine Capital Research LLC boosted its holdings in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock worth $306,424,000 after purchasing an additional 3,994,070 shares during the period. Norges Bank purchased a new position in shares of Dollar General in the 4th quarter worth approximately $140,421,000. Pzena Investment Management LLC boosted its holdings 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 worth $892,199,000 after purchasing an additional 1,528,450 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Dollar General by 32.1% in the 4th quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock worth $256,310,000 after purchasing an additional 821,608 shares during the period. Hedge funds and other institutional investors own 91.77% of the company's stock.

Dollar General Price Performance

Shares of NYSE:DG traded up $3.94 during midday trading on Tuesday, hitting $102.12. The company had a trading volume of 6,806,694 shares, compared to its average volume of 4,023,435. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $147.79. 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 stock has a market cap of $22.46 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27. The business's 50-day simple moving average is $89.28 and its 200-day simple moving average is $80.07.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating the consensus estimate 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 for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 earnings per share. On average, research analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General's payout ratio is 46.18%.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at $4,596,951.04. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DG shares. Bank of America decreased their price objective 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. Gordon Haskett lowered Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Sanford C. Bernstein reiterated an "outperform" rating on shares of Dollar General in a research note on Monday, May 5th. Finally, Truist Financial boosted their price target on Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $95.48.

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.