Cetera Investment Advisers Has $10.93 Million Position in Dollar General Corporation (NYSE:DG)

Key Points

• Cetera Investment Advisers increased its stake in Dollar General Corporation by 7.5%, now owning approximately $10.93 million worth of shares.
• Institutional investors and hedge funds collectively own 91.77% of Dollar General's stock, indicating strong institutional confidence in the company.
• Dollar General's recent earnings report exceeded estimates, with an earnings per share of $1.78 compared to the consensus estimate of $1.46.

Cetera Investment Advisers raised its position in shares of Dollar General Corporation (NYSE:DG - Free Report) by 7.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,242 shares of the company's stock after acquiring an additional 8,715 shares during the period. Cetera Investment Advisers owned approximately 0.06% of Dollar General worth $10,925,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Sowell Financial Services LLC acquired a new position in Dollar General in the first quarter worth about $280,000. Robeco Institutional Asset Management B.V. raised its position in Dollar General by 4.2% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,567 shares of the company's stock worth $2,424,000 after purchasing an additional 1,102 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Dollar General by 74.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,142 shares of the company's stock worth $921,000 after purchasing an additional 5,171 shares in the last quarter. Ameriprise Financial Inc. raised its position in Dollar General by 18.1% in the fourth quarter. Ameriprise Financial Inc. now owns 107,306 shares of the company's stock worth $8,137,000 after purchasing an additional 16,453 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Dollar General by 48.9% in the first quarter. Farther Finance Advisors LLC now owns 3,292 shares of the company's stock worth $288,000 after purchasing an additional 1,081 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DG. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday, June 3rd. Loop Capital raised their price objective on shares of Dollar General from $110.00 to $120.00 and gave the stock a "hold" rating in a report on Thursday, July 10th. Melius Research raised shares of Dollar General from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. The Goldman Sachs Group lowered shares of Dollar General from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $115.00 to $116.00 in a report on Tuesday, June 24th. Finally, Raymond James Financial raised their price objective on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Dollar General has an average rating of "Hold" and an average target price of $108.40.

Insiders Place Their Bets

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $111.56, for a total value of $718,223.28. Following the sale, the executive vice president directly owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president directly owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Dollar General Trading Up 3.5%

Shares of NYSE DG traded up $3.64 during midday trading on Friday, reaching $108.54. 4,216,646 shares of the stock were exchanged, compared to its average volume of 2,494,283. The business has a 50-day simple moving average of $110.15 and a two-hundred day simple moving average of $92.39. The company has a market capitalization of $23.89 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 2.57 and a beta of 0.31. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $126.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.32. The company had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.65 earnings per share. As a group, equities research analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is currently 45.04%.

Dollar General 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.