Cetera Advisor Networks LLC Sells 15,509 Shares of Dollar General Co. (NYSE:DG)

Cetera Advisor Networks LLC cut its holdings in shares of Dollar General Co. (NYSE:DGFree Report) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,142 shares of the company’s stock after selling 15,509 shares during the period. Cetera Advisor Networks LLC’s holdings in Dollar General were worth $4,098,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DG. Vanguard Group Inc. boosted its stake in Dollar General by 18.9% in the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock valued at $2,297,067,000 after acquiring an additional 3,457,393 shares in the last quarter. Capital International Investors boosted its stake in Dollar General by 13.9% in the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock valued at $2,539,026,000 after acquiring an additional 2,273,119 shares in the last quarter. Capital World Investors boosted its stake in Dollar General by 1.0% in the fourth quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after acquiring an additional 133,591 shares in the last quarter. Norges Bank acquired a new stake in Dollar General in the fourth quarter valued at approximately $337,150,000. Finally, Northern Trust Corp boosted its stake in Dollar General by 2.8% in the third quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock valued at $248,278,000 after acquiring an additional 62,913 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Stock Up 0.9 %

Shares of NYSE DG opened at $127.72 on Tuesday. The company’s 50-day simple moving average is $142.48 and its 200-day simple moving average is $140.25. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $173.47. The firm has a market cap of $28.09 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 2.49 and a beta of 0.45. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DGGet Free Report) last announced its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter last year, the business earned $2.34 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts predict that Dollar General Co. will post 7.22 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.85%. Dollar General’s payout ratio is presently 34.35%.

Analyst Ratings Changes

Several brokerages have weighed in on DG. BMO Capital Markets lowered their target price on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. Raymond James lifted their price objective on shares of Dollar General from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. StockNews.com upgraded shares of Dollar General from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Morgan Stanley lifted their price objective on shares of Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $148.41.

Read Our Latest Stock Report on DG

Dollar General Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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