Kingsview Wealth Management LLC Grows Stock Holdings in Dollar General Corporation (NYSE:DG)

Kingsview Wealth Management LLC grew its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,205 shares of the company's stock after purchasing an additional 6,323 shares during the quarter. Kingsview Wealth Management LLC owned about 0.06% of Dollar General worth $11,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in Dollar General during the 4th quarter worth approximately $25,000. Ameriflex Group Inc. bought a new stake in Dollar General during the 4th quarter worth approximately $31,000. Mountain Hill Investment Partners Corp. grew its holdings in shares of Dollar General by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock valued at $44,000 after acquiring an additional 200 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Dollar General by 170.1% in the first quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock valued at $48,000 after acquiring an additional 342 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of Dollar General by 39.4% in the first quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after acquiring an additional 161 shares in the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Down 2.9%

Shares of DG traded down $3.29 on Thursday, hitting $109.28. 4,761,426 shares of the stock traded hands, compared to its average volume of 4,124,357. The company has a market capitalization of $24.05 billion, a PE ratio of 20.86, a P/E/G ratio of 2.76 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The business has a 50 day simple moving average of $107.03 and a 200 day simple moving average of $89.56. Dollar General Corporation has a one year low of $66.43 and a one year high of $126.98.

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, beating the consensus estimate of $1.46 by $0.32. The company had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 earnings per share. As a group, equities analysts forecast that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Insider Buying and Selling

In other news, 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 owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on DG shares. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Evercore ISI increased their price objective on Dollar General from $105.00 to $117.00 and gave the stock an "in-line" rating in a research report on Thursday, June 5th. Barclays increased their price objective on Dollar General from $100.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their target price on Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their price objective on Dollar General from $88.00 to $95.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Sixteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $107.04.

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.