Sumitomo Mitsui Trust Holdings Inc. Purchases 2,785 Shares of Dollar General Co. (NYSE:DG)

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Dollar General Co. (NYSE:DGFree Report) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 518,725 shares of the company’s stock after purchasing an additional 2,785 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of Dollar General worth $80,952,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DG. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at $25,000. Burkett Financial Services LLC bought a new position in Dollar General during the fourth quarter worth about $26,000. Fortis Group Advisors LLC boosted its holdings in Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. MV Capital Management Inc. raised its holdings in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after buying an additional 96 shares in the last quarter. Finally, Lowe Wealth Advisors LLC bought a new position in shares of Dollar General during the 4th quarter worth approximately $33,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of Dollar General stock opened at $125.43 on Friday. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $173.47. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The stock has a market capitalization of $27.58 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.55 and a beta of 0.43. The firm has a fifty day moving average of $134.90 and a two-hundred day moving average of $139.96.

Dollar General (NYSE:DGGet Free Report) last released its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.08. The firm had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.34 earnings per share. As a group, equities research analysts predict that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s dividend payout ratio is currently 34.35%.

Insider Buying and Selling at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DG. Loop Capital increased their price objective on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. decreased their price objective on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. The Goldman Sachs Group boosted their target price on Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Morgan Stanley raised their price target on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Raymond James boosted their price objective on Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $148.09.

Read Our Latest Report on DG

About Dollar General

(Free Report)

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

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