Meiji Yasuda Asset Management Co Ltd. Has $458,000 Stake in Dollar General Co. (NYSE:DG)

Meiji Yasuda Asset Management Co Ltd. grew its stake in Dollar General Co. (NYSE:DG) by 11.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,460 shares of the company’s stock after purchasing an additional 362 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Dollar General were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Kingsview Wealth Management LLC acquired a new stake in shares of Dollar General during the 4th quarter valued at $212,000. Corient Private Wealth LLC increased its stake in shares of Dollar General by 286.4% in the fourth quarter. Corient Private Wealth LLC now owns 56,171 shares of the company’s stock valued at $7,637,000 after buying an additional 41,635 shares during the period. Quest Partners LLC bought a new position in Dollar General in the 4th quarter valued at approximately $37,000. CreativeOne Wealth LLC acquired a new stake in Dollar General during the 4th quarter worth approximately $333,000. Finally, Assetmark Inc. grew its holdings in Dollar General by 8.5% during the 4th quarter. Assetmark Inc. now owns 39,584 shares of the company’s stock worth $5,381,000 after acquiring an additional 3,099 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of NYSE:DG opened at $86.01 on Friday. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The stock’s 50 day moving average is $108.42 and its 200-day moving average is $130.05. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.36 and a beta of 0.44.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 EPS. Sell-side analysts forecast that Dollar General Co. will post 5.85 EPS for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.74%. Dollar General’s dividend payout ratio is presently 34.35%.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent research reports. Daiwa America lowered shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. BMO Capital Markets reduced their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a research report on Friday, August 30th. Loop Capital lowered their price objective on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. reduced their target price on Dollar General from $130.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday, August 30th. Finally, Oppenheimer restated a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $113.95.

Insider Activity at Dollar General

In related news, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now owns 41,030 shares in the company, valued at $3,298,812. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at $762,819.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The disclosure for this purchase can be found here. 0.49% of the stock is owned by insiders.

About Dollar General

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.