Captrust Financial Advisors Has $979,000 Holdings in Dollar General Co. (NYSE:DG)

Captrust Financial Advisors lowered its holdings in Dollar General Co. (NYSE:DG - Free Report) by 77.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,582 shares of the company's stock after selling 40,684 shares during the period. Captrust Financial Advisors' holdings in Dollar General were worth $979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Pzena Investment Management LLC boosted its position in shares of Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock valued at $865,903,000 after purchasing an additional 8,388,735 shares during the period. Baupost Group LLC MA acquired a new position in shares of Dollar General in the third quarter worth about $194,832,000. Point72 Asset Management L.P. increased its position in shares of Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company's stock worth $169,257,000 after acquiring an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Dollar General by 319.6% during the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company's stock valued at $122,324,000 after acquiring an additional 704,639 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Dollar General in the 2nd quarter valued at approximately $55,986,000. 91.77% of the stock is currently owned by institutional investors.

Insider Activity

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares of the company's stock, valued at approximately $762,819.75. This represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the company's stock in a transaction dated 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 sale, the executive vice president now directly owns 2,887 shares of the company's stock, valued at approximately $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Dollar General Price Performance

DG traded up $1.60 during trading on Tuesday, hitting $82.40. The company's stock had a trading volume of 3,396,889 shares, compared to its average volume of 3,288,917. The firm's 50 day moving average price is $79.44 and its two-hundred day moving average price is $102.92. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $18.12 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07.

Dollar General (NYSE:DG - Get Free Report) last announced its 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). The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company's revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. Sell-side analysts forecast that Dollar General Co. will post 5.77 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Tuesday, January 7th. Dollar General's dividend payout ratio (DPR) is presently 38.88%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Dollar General from $90.00 to $80.00 and set an "equal weight" rating on the stock in a report on Thursday, December 5th. Telsey Advisory Group cut their target price on shares of Dollar General from $103.00 to $90.00 and set a "market perform" rating for the company in a research report on Monday, December 2nd. Oppenheimer restated a "market perform" rating on shares of Dollar General in a report on Monday, August 26th. Loop Capital cut their price objective on Dollar General from $130.00 to $90.00 and set a "hold" rating for the company in a report on Friday, August 30th. Finally, BMO Capital Markets boosted their target price on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a research note on Friday. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $98.27.

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.