Dollar General Co. (NYSE:DG) Stock Holdings Lifted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its holdings in shares of Dollar General Co. (NYSE:DG) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,882 shares of the company’s stock after acquiring an additional 14,431 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.05% of Dollar General worth $9,014,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Metis Global Partners LLC lifted its position in Dollar General by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 7,042 shares of the company’s stock valued at $596,000 after purchasing an additional 135 shares during the last quarter. Empirical Finance LLC boosted its position in shares of Dollar General by 2.0% during the third quarter. Empirical Finance LLC now owns 7,768 shares of the company’s stock worth $657,000 after buying an additional 153 shares during the period. Bruce G. Allen Investments LLC increased its position in Dollar General by 20.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 953 shares of the company’s stock valued at $72,000 after acquiring an additional 161 shares during the period. Peoples Bank KS raised its stake in Dollar General by 19.1% during the 4th quarter. Peoples Bank KS now owns 1,435 shares of the company’s stock valued at $109,000 after acquiring an additional 230 shares in the last quarter. Finally, NBC Securities Inc. boosted its position in Dollar General by 13.3% during the 3rd quarter. NBC Securities Inc. now owns 2,058 shares of the company’s stock worth $174,000 after acquiring an additional 241 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Stock Performance

Shares of NYSE DG opened at $72.51 on Friday. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $74.41 and a 200 day simple moving average of $86.45. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 2.11 and a beta of 0.43.

Dollar General (NYSE:DG) last posted 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 business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 EPS. Sell-side analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.25%. Dollar General’s dividend payout ratio is 38.88%.

Insider Activity

In related news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DG. JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Bernstein Bank reduced their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. HSBC reduced their price target on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Barclays dropped their target price on Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Finally, Jefferies Financial Group reduced their price objective on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus target price of $96.77.

Dollar General Company 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.