Asahi Life Asset Management CO. LTD. Purchases New Stake in Dollar General Co. (NYSE:DG)

Asahi Life Asset Management CO. LTD. purchased a new stake in Dollar General Co. (NYSE:DG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 350 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DG. BlackRock Inc. raised its stake in shares of Dollar General by 0.3% during the first quarter. BlackRock Inc. now owns 17,626,713 shares of the company’s stock valued at $3,571,523,000 after purchasing an additional 51,976 shares during the period. Capital International Investors purchased a new stake in shares of Dollar General during the first quarter valued at approximately $1,029,084,000. Geode Capital Management LLC raised its stake in shares of Dollar General by 2.1% during the first quarter. Geode Capital Management LLC now owns 3,838,641 shares of the company’s stock valued at $775,534,000 after purchasing an additional 78,293 shares during the period. Lazard Asset Management LLC raised its stake in shares of Dollar General by 24.2% during the first quarter. Lazard Asset Management LLC now owns 3,221,491 shares of the company’s stock valued at $652,737,000 after purchasing an additional 627,778 shares during the period. Finally, BlueSpruce Investments LP raised its stake in shares of Dollar General by 18.2% during the first quarter. BlueSpruce Investments LP now owns 2,828,946 shares of the company’s stock valued at $573,201,000 after purchasing an additional 435,035 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

DG has been the topic of a number of analyst reports. UBS Group reiterated a “buy” rating and set a C$245.00 price objective on shares of Dollar General in a research note on Monday, August 23rd. Piper Sandler raised their price target on shares of Dollar General from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, May 28th. raised their price target on shares of Dollar General from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, May 28th. Raymond James raised their price target on shares of Dollar General from $235.00 to $260.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 27th. Finally, Bank of America downgraded shares of Dollar General from a “neutral” rating to an “underperform” rating and set a $190.00 price target for the company. in a research report on Monday, May 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $244.41.

Dollar General stock opened at $216.29 on Wednesday. The company has a market cap of $50.46 billion, a PE ratio of 20.72, a P/E/G ratio of 1.89 and a beta of 0.50. The company has a fifty day moving average price of $227.83 and a two-hundred day moving average price of $213.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.09 and a quick ratio of 0.13. Dollar General Co. has a 12 month low of $173.50 and a 12 month high of $239.35.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Wednesday, August 25th. The company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.10. Dollar General had a net margin of 7.52% and a return on equity of 38.90%. The company had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.59 billion. During the same quarter in the previous year, the company posted $3.12 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Equities research analysts anticipate that Dollar General Co. will post 10.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 19th. Stockholders of record on Tuesday, October 5th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, October 4th. Dollar General’s dividend payout ratio (DPR) is 15.82%.

Dollar General Profile

Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.

Further Reading: What is Liquidity?

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

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