Sumitomo Mitsui Trust Group Inc. Has $37.43 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Dollar General Co. (NYSE:DG) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 493,632 shares of the company’s stock after buying an additional 12,808 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Dollar General worth $37,427,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Eagle Rock Investment Company LLC lifted its stake in Dollar General by 16.3% in the 4th quarter. Eagle Rock Investment Company LLC now owns 28,827 shares of the company’s stock valued at $2,186,000 after purchasing an additional 4,048 shares during the last quarter. 1834 Investment Advisors Co. bought a new position in shares of Dollar General during the third quarter worth approximately $5,650,000. Leibman Financial Services Inc. bought a new position in shares of Dollar General during the fourth quarter worth approximately $2,018,000. Lecap Asset Management Ltd. increased its stake in Dollar General by 231.6% in the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock valued at $3,168,000 after acquiring an additional 26,165 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Dollar General by 62.9% in the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after acquiring an additional 64,336 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Trading Up 0.0 %

NYSE:DG opened at $74.15 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The firm has a 50-day moving average of $74.24 and a 200-day moving average of $85.33. The company has a market cap of $16.31 billion, a PE ratio of 12.22, a PEG ratio of 2.08 and a beta of 0.43. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 3.18%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI decreased their price objective on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Friday, December 6th. BMO Capital Markets lifted their price objective on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Finally, Truist Financial decreased their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and an average target price of $96.77.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the transaction, the executive vice president now owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate 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.