Mitsubishi UFJ Trust & Banking Corp Buys 112,161 Shares of Dollar General Corporation $DG

Mitsubishi UFJ Trust & Banking Corp raised its stake in Dollar General Corporation (NYSE:DGFree Report) by 35.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 427,112 shares of the company’s stock after buying an additional 112,161 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Dollar General were worth $44,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DG. Accurate Wealth Management LLC lifted its stake in shares of Dollar General by 1.2% in the 3rd quarter. Accurate Wealth Management LLC now owns 9,182 shares of the company’s stock valued at $952,000 after acquiring an additional 108 shares during the last quarter. Blue Trust Inc. increased its holdings in Dollar General by 5.8% in the 2nd quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock worth $229,000 after purchasing an additional 110 shares in the last quarter. Stablepoint Partners LLC raised its position in Dollar General by 0.6% in the second quarter. Stablepoint Partners LLC now owns 17,474 shares of the company’s stock valued at $1,999,000 after purchasing an additional 110 shares during the last quarter. Tectonic Advisors LLC raised its position in Dollar General by 1.9% in the second quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after purchasing an additional 113 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in shares of Dollar General by 2.1% during the third quarter. Wedmont Private Capital now owns 5,810 shares of the company’s stock valued at $560,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 1.6%

DG opened at $146.87 on Monday. Dollar General Corporation has a twelve month low of $69.32 and a twelve month high of $154.75. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $130.05 and a 200-day moving average of $114.72. The stock has a market cap of $32.33 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 2.66 and a beta of 0.26.

Dollar General (NYSE:DGGet Free Report) last released its earnings results on Thursday, December 4th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.33. The business had revenue of $10.65 billion for the quarter, compared to analyst estimates of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. Dollar General’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. On average, sell-side analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th were issued a $0.59 dividend. The ex-dividend date was Tuesday, January 6th. This represents a $2.36 annualized dividend and a yield of 1.6%. Dollar General’s dividend payout ratio is presently 40.76%.

Insiders Place Their Bets

In other news, EVP Roderick J. West sold 2,282 shares of Dollar General stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total transaction of $304,304.70. Following the completion of the transaction, the executive vice president directly owned 36,108 shares in the company, valued at $4,815,001.80. This trade represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bryan D. Wheeler sold 9,776 shares of Dollar General stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $135.32, for a total value of $1,322,888.32. Following the transaction, the executive vice president directly owned 22,295 shares in the company, valued at approximately $3,016,959.40. The trade was a 30.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,673 shares of company stock worth $7,713,389 in the last quarter. Insiders own 0.56% of the company’s stock.

Trending Headlines about Dollar General

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Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DG shares. Piper Sandler upped their price objective on Dollar General from $117.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Gordon Haskett boosted their target price on shares of Dollar General from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $130.00 price target (up previously from $123.00) on shares of Dollar General in a research note on Thursday, December 4th. Barclays lifted their price target on shares of Dollar General from $127.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Dollar General in a research note on Monday, December 29th. Fourteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.19.

View Our Latest Stock Report on DG

Dollar General Company Profile

(Free Report)

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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