Cetera Investment Advisers Has $8.76 Million Holdings in Dollar General Co. (NYSE:DG)

Cetera Investment Advisers raised its holdings in Dollar General Co. (NYSE:DG - Free Report) by 211.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 115,527 shares of the company's stock after acquiring an additional 78,415 shares during the period. Cetera Investment Advisers owned 0.05% of Dollar General worth $8,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. acquired a new position in shares of Dollar General in the 4th quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Dollar General during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB acquired a new position in Dollar General in the third quarter worth about $33,000. Providence First Trust Co bought a new stake in Dollar General in the fourth quarter valued at about $33,000. Finally, Bogart Wealth LLC raised its stake in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after buying an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DG shares. Piper Sandler boosted their price target on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, March 14th. Melius Research upgraded shares of Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Morgan Stanley dropped their target price on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st. Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and upped their price target for the company from $69.00 to $101.00 in a research report on Monday, April 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $80.00 price objective (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $95.16.

Dollar General Price Performance

NYSE DG traded up $5.12 during trading on Thursday, reaching $92.82. 3,884,527 shares of the company traded hands, compared to its average volume of 3,990,589. The stock's 50 day moving average price is $88.31 and its two-hundred day moving average price is $79.77. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $147.87. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The business's revenue was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Tuesday, April 8th. Dollar General's payout ratio is 46.18%.

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.