Kingswood Wealth Advisors LLC Takes $542,000 Position in Dollar General Corporation (NYSE:DG)

Kingswood Wealth Advisors LLC acquired a new position in Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,188 shares of the company's stock, valued at approximately $542,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Dollar General by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock valued at $1,913,036,000 after purchasing an additional 160,853 shares during the period. Pzena Investment Management LLC raised its holdings in Dollar General by 14.9% in the fourth quarter. Pzena Investment Management LLC now owns 11,767,336 shares of the company's stock worth $892,199,000 after purchasing an additional 1,528,450 shares in the last quarter. Geode Capital Management LLC raised its holdings in Dollar General by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock worth $405,425,000 after purchasing an additional 118,204 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of Dollar General during the fourth quarter valued at $399,433,000. Finally, ACR Alpine Capital Research LLC increased its holdings in shares of Dollar General by 8,426.1% during the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company's stock valued at $306,424,000 after acquiring an additional 3,994,070 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research note on Friday, March 14th. Telsey Advisory Group increased their price target on shares of Dollar General from $100.00 to $120.00 and gave the stock a "market perform" rating in a research report on Wednesday, June 4th. Gordon Haskett upgraded Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Morgan Stanley raised their price target on Dollar General from $85.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Finally, Raymond James Financial raised their target price on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $109.04.

Dollar General Trading Down 0.7%

DG traded down $0.84 on Friday, reaching $111.47. 4,972,260 shares of the company traded hands, compared to its average volume of 4,100,673. Dollar General Corporation has a one year low of $66.43 and a one year high of $135.46. The firm has a fifty day simple moving average of $99.44 and a two-hundred day simple moving average of $85.07. The company has a market cap of $24.53 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.91 and a beta of 0.26. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 0.74.

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

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

Insider Buying and Selling

In other Dollar General news, EVP Kathleen A. Reardon sold 6,438 shares of Dollar General stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the sale, the executive vice president now owns 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the transaction, the executive vice president now directly owns 48,532 shares of the company's stock, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,216 shares of company stock worth $1,017,349 in the last ninety days. 0.56% of the stock is owned by insiders.

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.