Mitsubishi UFJ Asset Management UK Ltd. cut its position in shares of Dollar General Corp. (NYSE:DG) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after selling 1,100 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Dollar General were worth $2,186,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DG. Community Bank N.A. lifted its stake in Dollar General by 240.2% during the second quarter. Community Bank N.A. now owns 1,657 shares of the company’s stock valued at $164,000 after buying an additional 1,170 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Dollar General by 50.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,784 shares of the company’s stock valued at $176,000 after buying an additional 596 shares in the last quarter. Checchi Capital Advisers LLC purchased a new stake in Dollar General during the second quarter valued at about $205,000. Legacy Capital Partners Inc. purchased a new stake in Dollar General during the second quarter valued at about $212,000. Finally, Lincoln National Corp purchased a new stake in Dollar General during the second quarter valued at about $216,000. 95.00% of the stock is owned by institutional investors.

In related news, EVP Robert D. Ravener sold 22,440 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $111.49, for a total value of $2,501,835.60. Following the transaction, the executive vice president now owns 50,747 shares in the company, valued at $5,657,783.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

NYSE:DG traded down $0.98 during mid-day trading on Wednesday, reaching $109.97. The stock had a trading volume of 25,992 shares, compared to its average volume of 2,492,756. Dollar General Corp. has a fifty-two week low of $79.79 and a fifty-two week high of $112.59. The company has a market capitalization of $29.02 billion, a P/E ratio of 24.54, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.21 and a current ratio of 1.55.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 30th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Dollar General had a return on equity of 23.51% and a net margin of 7.06%. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar General Corp. will post 6.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th will be issued a $0.29 dividend. The ex-dividend date is Friday, October 5th. This represents a $1.16 dividend on an annualized basis and a yield of 1.05%. Dollar General’s dividend payout ratio is currently 25.84%.

A number of equities analysts have recently weighed in on DG shares. Deutsche Bank upped their target price on Dollar General from $123.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 31st. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a report on Friday, October 5th. MKM Partners upped their target price on Dollar General to $117.00 and gave the company a “buy” rating in a report on Tuesday, August 28th. Credit Suisse Group upped their target price on Dollar General from $93.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, June 29th. Finally, UBS Group reiterated a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of Dollar General in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $106.35.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups 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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