Cetera Trust Company N.A Has $384,000 Position in Dollar General Co. (NYSE:DG)

Cetera Trust Company N.A trimmed its position in shares of Dollar General Co. (NYSE:DG) by 46.7% during the 4th quarter, HoldingsChannel reports. 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 filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in Dollar General during the third quarter worth about $33,000. Quarry LP bought a new position in shares of Dollar General during the 2nd quarter worth approximately $46,000. Pathway Financial Advisers LLC boosted its stake 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 buying an additional 88 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Dollar General in the third quarter valued at $57,000. Finally, Bruce G. Allen Investments LLC raised its stake in Dollar General by 37.7% during the third quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock worth $67,000 after acquiring an additional 217 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $71.15 on Wednesday. The stock has a 50-day moving average of $75.31 and a 200-day moving average of $90.55. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The stock has a market cap of $15.65 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

Dollar General (NYSE:DG) last announced its quarterly earnings results 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 return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business earned $1.26 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts expect 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. Stockholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DG shares. Barclays lowered their target price on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. Telsey Advisory Group dropped 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 report on Monday, December 2nd. Sanford C. Bernstein assumed coverage on Dollar General in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price target on the stock. Evercore ISI cut their price objective on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Finally, Truist Financial lowered their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. One research 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $97.27.

Insider Buying and Selling

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

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.