Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Dollar General Co. (NYSE:DG – Get Rating) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,329 shares of the company’s stock after buying an additional 13,272 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Dollar General were worth $27,158,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in DG. SRS Capital Advisors Inc. boosted its position in shares of Dollar General by 2.1% during the 3rd quarter. SRS Capital Advisors Inc. now owns 2,140 shares of the company’s stock valued at $454,000 after acquiring an additional 45 shares in the last quarter. First Mercantile Trust Co. increased its stake in Dollar General by 8.8% in the third quarter. First Mercantile Trust Co. now owns 556 shares of the company’s stock valued at $118,000 after purchasing an additional 45 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Dollar General by 3.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,565 shares of the company’s stock valued at $369,000 after buying an additional 50 shares during the period. Moors & Cabot Inc. boosted its holdings in Dollar General by 1.3% during the third quarter. Moors & Cabot Inc. now owns 4,069 shares of the company’s stock worth $859,000 after purchasing an additional 51 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in Dollar General by 2.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,154 shares of the company’s stock valued at $508,000 after acquiring an additional 53 shares during the last quarter. 90.95% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Emily C. Taylor sold 10,016 shares of Dollar General stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $220.20, for a total value of $2,205,523.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anita C. Elliott sold 7,502 shares of Dollar General stock in a transaction on Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total transaction of $1,768,221.40. Following the transaction, the chief accounting officer now directly owns 16,279 shares in the company, valued at $3,836,960.30. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.
NYSE:DG opened at $255.83 on Friday. The firm’s 50 day simple moving average is $220.09 and its 200 day simple moving average is $219.71. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.12. Dollar General Co. has a one year low of $185.15 and a one year high of $262.20. The company has a market cap of $58.53 billion, a PE ratio of 25.18, a P/E/G ratio of 1.89 and a beta of 0.60.
Dollar General (NYSE:DG – Get Rating) last posted its earnings results on Thursday, March 17th. The company reported $2.57 EPS for the quarter, hitting the consensus estimate of $2.57. Dollar General had a net margin of 7.01% and a return on equity of 38.64%. The business had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.71 billion. During the same period last year, the company earned $2.62 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts expect that Dollar General Co. will post 11.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 19th. Investors of record on Tuesday, April 5th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, April 4th. This is an increase from Dollar General’s previous quarterly dividend of $0.42. This represents a $2.20 annualized dividend and a yield of 0.86%. Dollar General’s dividend payout ratio (DPR) is currently 21.65%.
About Dollar General (Get Rating)
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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