Mitsubishi UFJ Trust & Banking Corp Raises Stock Position in Dollar General Corporation $DG

Mitsubishi UFJ Trust & Banking Corp boosted its position in Dollar General Corporation (NYSE:DG) by 196.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,951 shares of the company’s stock after purchasing an additional 208,836 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.14% of Dollar General worth $36,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several research analysts recently weighed in on DG shares. Gordon Haskett decreased their price objective on shares of Dollar General from $130.00 to $115.00 in a research report on Friday, September 26th. JPMorgan Chase & Co. increased their price target on shares of Dollar General from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Evercore ISI dropped their price objective on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating for the company in a report on Tuesday, October 7th. Telsey Advisory Group set a $123.00 target price on shares of Dollar General in a research report on Friday, August 29th. Finally, Guggenheim restated a “buy” rating and set a $125.00 price target on shares of Dollar General in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $115.64.

Dollar General Price Performance

Shares of NYSE:DG opened at $104.30 on Friday. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a market cap of $22.96 billion, a PE ratio of 19.31, a PEG ratio of 2.10 and a beta of 0.30. The company’s fifty day moving average is $102.57 and its 200 day moving average is $105.62. Dollar General Corporation has a 52 week low of $66.43 and a 52 week high of $117.95.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General’s dividend payout ratio is presently 43.70%.

Dollar General 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.