Mitsubishi UFJ Trust & Banking Corp Grows Stake in Dollar General Corporation $DG

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Dollar General Corporation (NYSE:DG) by 196.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 314,951 shares of the company’s stock after buying an additional 208,836 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Dollar General were worth $36,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DG. Atlantic Union Bankshares Corp bought a new position in Dollar General in the 2nd quarter worth $26,000. Hantz Financial Services Inc. increased its position in shares of Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after buying an additional 140 shares during the period. Harbor Investment Advisory LLC raised its stake in Dollar General by 35.2% in the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock worth $56,000 after buying an additional 128 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Dollar General by 384.3% in the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock worth $54,000 after buying an additional 488 shares during the period. Finally, Manchester Capital Management LLC boosted its position in Dollar General by 264.6% during the 1st quarter. Manchester Capital Management LLC now owns 711 shares of the company’s stock valued at $63,000 after acquiring an additional 516 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Price Performance

Shares of NYSE DG opened at $104.30 on Friday. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The firm has a market cap of $22.96 billion, a P/E ratio of 19.31, a PEG ratio of 2.10 and a beta of 0.30. The company has a 50 day moving average of $102.57 and a 200 day moving average of $105.62. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, research analysts expect that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, October 7th. Dollar General’s dividend payout ratio (DPR) is presently 43.70%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DG. Evercore ISI decreased their target price on Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a research report on Tuesday, October 7th. Wells Fargo & Company boosted their target price on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. Raymond James Financial increased their price target on shares of Dollar General from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Telsey Advisory Group set a $123.00 price target on shares of Dollar General in a research report on Friday, August 29th. Finally, Gordon Haskett cut their price objective on shares of Dollar General from $130.00 to $115.00 in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.64.

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.