Tokio Marine Asset Management Co. Ltd. Sells 1,000 Shares of Dollar General Co. (NYSE:DG)

Tokio Marine Asset Management Co. Ltd. lessened its stake in shares of Dollar General Co. (NYSE:DG) by 12.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,921 shares of the company’s stock after selling 1,000 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Dollar General were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pzena Investment Management LLC boosted its position in shares of Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares in the last quarter. State Street Corp boosted its position in shares of Dollar General by 8.3% during the 3rd quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after purchasing an additional 759,869 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Dollar General by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock worth $441,899,000 after purchasing an additional 182,300 shares in the last quarter. Baupost Group LLC MA bought a new position in shares of Dollar General during the 3rd quarter worth about $194,832,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Dollar General by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after purchasing an additional 31,200 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Insider Activity at Dollar General

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

Dollar General Stock Up 0.5 %

Dollar General stock opened at $71.84 on Wednesday. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 2.11 and a beta of 0.43. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a 50 day simple moving average of $74.61 and a 200 day simple moving average of $87.00.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were paid a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.29%. Dollar General’s dividend payout ratio is 38.88%.

Analysts Set New Price Targets

DG has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley dropped their price target on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Finally, Telsey Advisory Group decreased their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.77.

Dollar General 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.