Cetera Trust Company N.A Has $802,000 Stock Position in Dollar General Co. (NYSE:DG)

Cetera Trust Company N.A increased its position in shares of Dollar General Co. (NYSE:DG) by 68.6% during the third quarter, Holdings Channel reports. The fund owned 9,485 shares of the company’s stock after acquiring an additional 3,860 shares during the quarter. Cetera Trust Company N.A’s holdings in Dollar General were worth $802,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DG. Whittier Trust Co. of Nevada Inc. raised its position in Dollar General by 94.7% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 55,380 shares of the company’s stock valued at $4,683,000 after buying an additional 26,941 shares during the period. Whittier Trust Co. grew its stake in Dollar General by 114.4% during the 3rd quarter. Whittier Trust Co. now owns 99,399 shares of the company’s stock valued at $8,405,000 after acquiring an additional 53,033 shares in the last quarter. Castleview Partners LLC increased its holdings in shares of Dollar General by 54.0% in the 3rd quarter. Castleview Partners LLC now owns 2,282 shares of the company’s stock valued at $193,000 after purchasing an additional 800 shares during the period. OLD National Bancorp IN lifted its position in shares of Dollar General by 237.5% in the third quarter. OLD National Bancorp IN now owns 10,258 shares of the company’s stock worth $868,000 after purchasing an additional 7,219 shares in the last quarter. Finally, Veracity Capital LLC boosted its holdings in shares of Dollar General by 43.9% during the third quarter. Veracity Capital LLC now owns 6,937 shares of the company’s stock worth $587,000 after purchasing an additional 2,116 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DG. UBS Group dropped their price objective on shares of Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Barclays dropped their price target on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Evercore ISI dropped their target price on Dollar General from $115.00 to $105.00 and set an “in-line” rating on the stock in a research report on Tuesday. Finally, Telsey Advisory Group lowered Dollar General from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $168.00 to $103.00 in a report on Friday, August 30th. Two 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. Based on data from MarketBeat, Dollar General has a consensus rating of “Hold” and an average price target of $107.84.

Dollar General Stock Performance

Dollar General stock traded down $0.79 on Tuesday, reaching $80.34. 797,302 shares of the stock were exchanged, compared to its average volume of 3,126,328. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The firm has a fifty day moving average price of $92.65 and a two-hundred day moving average price of $119.00. The stock has a market cap of $17.67 billion, a PE ratio of 11.70, a PEG ratio of 2.42 and a beta of 0.44.

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

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.94%. Dollar General’s payout ratio is 34.35%.

Insider Buying and Selling

In related news, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the acquisition, the director now owns 41,030 shares in the company, valued at $3,298,812. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Warren F. Bryant acquired 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by insiders.

Dollar General Company 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.