Citizens National Bank Trust Department Sells 1,590 Shares of Dollar General Co. (NYSE:DG)

Citizens National Bank Trust Department cut its stake in Dollar General Co. (NYSE:DG) by 27.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,100 shares of the company’s stock after selling 1,590 shares during the quarter. Citizens National Bank Trust Department’s holdings in Dollar General were worth $347,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. raised its stake in shares of Dollar General by 3.5% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after buying an additional 80 shares during the period. Pullen Investment Management LLC raised its stake in shares of Dollar General by 4.3% during the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after buying an additional 87 shares during the period. Pathway Financial Advisers LLC raised its stake in shares of Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after buying an additional 88 shares during the period. SPC Financial Inc. increased its position in shares of Dollar General by 6.1% during the first quarter. SPC Financial Inc. now owns 1,738 shares of the company’s stock worth $271,000 after purchasing an additional 100 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock worth $375,000 after purchasing an additional 103 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

DG stock opened at $81.76 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The firm has a market capitalization of $17.98 billion, a P/E ratio of 12.70, a P/E/G ratio of 2.34 and a beta of 0.45. The business’s 50-day moving average is $85.33 and its two-hundred day moving average is $114.53. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07.

Dollar General (NYSE:DG) last issued its earnings results 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). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period last year, the business posted $2.13 EPS. Dollar General’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio (DPR) is 36.65%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DG. Evercore ISI dropped their price target on Dollar General from $115.00 to $105.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Loop Capital dropped their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a report on Friday, August 30th. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a report on Friday, August 30th. Citigroup cut Dollar General from a “neutral” rating to a “sell” rating and dropped their target price for the company from $91.00 to $73.00 in a report on Friday, September 27th. Finally, Daiwa America cut Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $107.84.

Insiders Place Their Bets

In other news, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Warren F. Bryant bought 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now owns 41,030 shares in the company, valued at approximately $3,298,812. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was 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.

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.