Dollar General Co. (NYSE:DG) Shares Bought by Cetera Trust Company N.A

Cetera Trust Company N.A boosted its position in shares of Dollar General Co. (NYSE:DG) by 68.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,485 shares of the company’s stock after purchasing an additional 3,860 shares during the period. Cetera Trust Company N.A’s holdings in Dollar General were worth $802,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank & Trust Co purchased a new stake in Dollar General during the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Dollar General in the second quarter worth $33,000. Studio Investment Management LLC raised its holdings in Dollar General by 117.7% in the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after acquiring an additional 153 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Dollar General during the 2nd quarter valued at $37,000. Finally, Salem Investment Counselors Inc. grew its holdings in Dollar General by 104.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 250 shares of the company’s stock worth $39,000 after acquiring an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In other news, Director Warren F. Bryant bought 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 0.00 % increase 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. In other Dollar General news, Director Warren F. Bryant bought 500 shares of Dollar General stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on DG shares. Raymond James reduced their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Citigroup lowered shares of Dollar General from a “neutral” rating to a “sell” rating and lowered their target price for the company from $91.00 to $73.00 in a research note on Friday, September 27th. Finally, Argus reduced their price target on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average target price of $107.84.

Dollar General Stock Performance

DG stock traded down $0.79 during trading on Tuesday, reaching $80.34. 797,302 shares of the company’s stock were exchanged, compared to its average volume of 3,126,328. The firm has a market cap of $17.67 billion, a PE ratio of 11.70, a P/E/G ratio of 2.42 and a beta of 0.44. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. Dollar General Co. has a 1-year low of $77.96 and a 1-year high of $168.07. The company’s fifty day moving average price is $92.65 and its 200-day moving average price is $119.00.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.94%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

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.