Dollar General Co. (NYSE:DG) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Dollar General Co. (NYSE:DGGet Rating) by 11.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,745 shares of the company’s stock after purchasing an additional 3,298 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dollar General were worth $7,068,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DG. BlackRock Inc. grew its stake in Dollar General by 1.6% in the 4th quarter. BlackRock Inc. now owns 18,399,415 shares of the company’s stock valued at $4,339,132,000 after acquiring an additional 283,983 shares during the period. Vanguard Group Inc. grew its stake in Dollar General by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 18,135,446 shares of the company’s stock valued at $4,037,495,000 after acquiring an additional 125,589 shares during the period. Capital World Investors grew its stake in Dollar General by 8.8% in the 1st quarter. Capital World Investors now owns 16,878,089 shares of the company’s stock valued at $3,757,569,000 after acquiring an additional 1,369,299 shares during the period. State Street Corp boosted its stake in Dollar General by 1.8% during the 4th quarter. State Street Corp now owns 9,983,184 shares of the company’s stock worth $2,354,334,000 after purchasing an additional 176,588 shares during the last quarter. Finally, Capital International Investors boosted its stake in Dollar General by 20.1% during the 1st quarter. Capital International Investors now owns 8,619,276 shares of the company’s stock worth $1,919,292,000 after purchasing an additional 1,442,731 shares during the last quarter. Institutional investors and hedge funds own 91.61% of the company’s stock.

Insider Buying and Selling at Dollar General

In other Dollar General news, CAO Anita C. Elliott sold 5,000 shares of Dollar General stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $247.11, for a total value of $1,235,550.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,279 shares of the company’s stock, valued at approximately $4,022,703.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Todd J. Vasos sold 108,145 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $239.18, for a total transaction of $25,866,121.10. Following the completion of the transaction, the chief executive officer now directly owns 85,369 shares of the company’s stock, valued at $20,418,557.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Anita C. Elliott sold 5,000 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $247.11, for a total value of $1,235,550.00. Following the transaction, the chief accounting officer now directly owns 16,279 shares of the company’s stock, valued at $4,022,703.69. The disclosure for this sale can be found here. Insiders sold a total of 280,422 shares of company stock valued at $67,506,787 in the last three months. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on DG. BMO Capital Markets cut shares of Dollar General from an “outperform” rating to a “market perform” rating and set a $265.00 target price on the stock. in a research note on Monday, August 15th. Raymond James lifted their target price on shares of Dollar General from $260.00 to $285.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 26th. Truist Financial lifted their target price on shares of Dollar General from $227.00 to $262.00 and gave the stock a “hold” rating in a research note on Friday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Dollar General from $287.00 to $294.00 in a research note on Friday, September 16th. Finally, Citigroup cut shares of Dollar General from a “buy” rating to a “neutral” rating and set a $258.00 target price on the stock. in a research note on Thursday, July 14th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $269.85.

Dollar General Stock Down 2.2 %

Shares of DG opened at $240.28 on Thursday. The firm has a market cap of $54.20 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 1.94 and a beta of 0.42. Dollar General Co. has a 12-month low of $183.25 and a 12-month high of $262.20. The company’s 50-day moving average price is $246.98 and its 200 day moving average price is $237.11. The company has a current ratio of 1.02, a quick ratio of 0.10 and a debt-to-equity ratio of 0.69.

Dollar General (NYSE:DGGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.05. The firm had revenue of $9.43 billion for the quarter, compared to analyst estimates of $9.40 billion. Dollar General had a net margin of 6.55% and a return on equity of 37.64%. Dollar General’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS. On average, sell-side analysts forecast that Dollar General Co. will post 11.57 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Tuesday, October 4th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, October 3rd. Dollar General’s dividend payout ratio is currently 21.91%.

Dollar General Company Profile

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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.

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

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