Nissay Asset Management Corp Japan ADV Grows Position in Dollar General Co. (NYSE:DG)

Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Dollar General Co. (NYSE:DG) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 27,296 shares of the company’s stock after acquiring an additional 410 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Dollar General were worth $2,071,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in shares of Dollar General during the 4th quarter worth $25,000. IMG Wealth Management Inc. purchased a new stake in Dollar General during the fourth quarter valued at about $25,000. Providence First Trust Co bought a new stake in Dollar General during the fourth quarter worth about $33,000. Bogart Wealth LLC boosted its holdings in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Dollar General by 126.4% during the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after purchasing an additional 278 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 809 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares of the company’s stock, valued at $4,596,951.04. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by company insiders.

Dollar General Stock Up 0.6%

DG stock opened at $93.55 on Friday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $147.79. The business’s 50 day moving average price is $88.81 and its two-hundred day moving average price is $79.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market capitalization of $20.58 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.26 billion. During the same quarter in the prior year, the business earned $1.83 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.52%. Dollar General’s dividend payout ratio (DPR) is 46.18%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Melius Research upgraded Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Guggenheim boosted their price objective on shares of Dollar General from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. UBS Group reduced their target price on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. The Goldman Sachs Group decreased their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Bank of America cut their price target on shares of Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $95.16.

Dollar General Company 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.