Dollar General Co. (NYSE:DG) Holdings Cut by Cetera Trust Company N.A

Cetera Trust Company N.A cut its stake in shares of Dollar General Co. (NYSE:DG) by 46.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,060 shares of the company’s stock after selling 4,425 shares during the quarter. Cetera Trust Company N.A’s holdings in Dollar General were worth $384,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Dollar General in the third quarter worth $33,000. Quarry LP acquired a new stake in shares of Dollar General in the 2nd quarter worth about $46,000. Pathway Financial Advisers LLC lifted its position in Dollar General by 30.6% in the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Dollar General during the 3rd quarter valued at about $57,000. Finally, Bruce G. Allen Investments LLC grew its position in Dollar General by 37.7% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock worth $67,000 after purchasing an additional 217 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DG shares. Sanford C. Bernstein began coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price objective for the company. HSBC decreased their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Bank of America upgraded 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. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Finally, 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $97.27.

Dollar General Stock Performance

Shares of DG opened at $71.15 on Wednesday. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market capitalization of $15.65 billion, a PE ratio of 11.70, a PEG ratio of 2.04 and a beta of 0.44. The company’s 50 day moving average price is $75.31 and its 200 day moving average price is $90.55.

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

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Tuesday, January 7th. Dollar General’s dividend payout ratio is presently 38.88%.

Insiders Place Their Bets

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This represents 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 at 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 stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.