Kingswood Wealth Advisors LLC Reduces Stock Position in Dollar General Corporation $DG

Key Points

• Kingswood Wealth Advisors LLC cut its stake in Dollar General by 65.2% in Q2, now holding 2,151 shares valued at approximately $246,000.
• Multiple institutional investors increased their positions in Dollar General, with notable growth from Vanguard Group Inc. (4.8% increase) and Pzena Investment Management LLC (8.5% increase) in the first quarter.
• Dollar General announced a quarterly dividend of $0.59 per share, payable on October 21st, with a yield of 2.4% and a payout ratio of 43.70%.

Kingswood Wealth Advisors LLC reduced its holdings in Dollar General Corporation (NYSE:DG - Free Report) by 65.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,151 shares of the company's stock after selling 4,037 shares during the period. Kingswood Wealth Advisors LLC's holdings in Dollar General were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Dollar General by 4.8% during the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock valued at $2,324,271,000 after purchasing an additional 1,201,917 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Dollar General by 8.5% during the 1st quarter. Pzena Investment Management LLC now owns 12,770,542 shares of the company's stock valued at $1,122,914,000 after purchasing an additional 1,003,206 shares during the last quarter. ACR Alpine Capital Research LLC grew its holdings in Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company's stock valued at $369,081,000 after purchasing an additional 155,966 shares during the last quarter. Invesco Ltd. grew its holdings in Dollar General by 2.6% during the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company's stock valued at $305,079,000 after purchasing an additional 89,067 shares during the last quarter. Finally, Baupost Group LLC MA grew its holdings in Dollar General by 2.1% during the 1st quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company's stock valued at $185,082,000 after purchasing an additional 44,076 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Dollar General in a research report on Thursday, September 18th. They issued an "outperform" rating and a $139.00 price objective for the company. Telsey Advisory Group set a $123.00 price objective on shares of Dollar General in a research report on Friday, August 29th. Guggenheim reissued a "buy" rating and issued a $125.00 price objective on shares of Dollar General in a research report on Friday, August 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Dollar General in a research report on Saturday, September 27th. Finally, Barclays boosted their price objective on shares of Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $115.40.

Dollar General Price Performance

Shares of DG opened at $99.38 on Friday. The company has a 50 day moving average price of $107.44 and a 200-day moving average price of $103.68. Dollar General Corporation has a fifty-two week low of $66.43 and a fifty-two week high of $117.95. The stock has a market capitalization of $21.88 billion, a PE ratio of 18.40, a PEG ratio of 2.09 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.27 and a current ratio of 1.25.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The firm had revenue of $10.73 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same quarter in the prior year, the company earned $1.70 EPS. The company's revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a yield of 2.4%. Dollar General's dividend payout ratio is presently 43.70%.

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.

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