Kingsview Wealth Management LLC Buys 102,608 Shares of Dollar General Co. (NYSE:DG)

Kingsview Wealth Management LLC increased its stake in Dollar General Co. (NYSE:DG) by 5,567.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,451 shares of the company’s stock after purchasing an additional 102,608 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Dollar General were worth $8,833,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DG. Pzena Investment Management LLC lifted its position in shares of Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after buying an additional 8,388,735 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Dollar General by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock valued at $121,355,000 after purchasing an additional 31,200 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Dollar General by 148.6% during the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock worth $169,257,000 after purchasing an additional 765,206 shares during the period. Equity Investment Corp increased its stake in shares of Dollar General by 60.8% in the third quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock worth $80,454,000 after purchasing an additional 359,757 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Dollar General by 319.6% in the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock valued at $122,324,000 after purchasing an additional 704,639 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

DG has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Loop Capital cut their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Barclays decreased their price target on Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Evercore ISI cut their price objective on shares of Dollar General from $101.00 to $97.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Finally, Raymond James lowered their target price on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $104.00.

Insider Buying and Selling

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at approximately $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Warren F. Bryant acquired 500 shares of Dollar General stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now directly owns 41,030 shares in the company, valued at $3,298,812. This represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Trading Up 1.4 %

NYSE:DG opened at $74.93 on Friday. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07. The stock has a market cap of $16.48 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 2.16 and a beta of 0.45. The company’s 50 day moving average price is $81.16 and its 200-day moving average price is $108.22. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a yield of 3.15%. Dollar General’s dividend payout ratio (DPR) is 36.65%.

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.