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

Kingsview Wealth Management LLC grew its position in shares of Dollar General Co. (NYSE:DG) by 5,567.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 104,451 shares of the company’s stock after acquiring 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 reporting period.

Several other large investors also recently bought and sold shares of DG. Oppenheimer Asset Management Inc. grew its position in Dollar General by 85.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 58,107 shares of the company’s stock worth $7,683,000 after acquiring an additional 26,813 shares in the last quarter. 1834 Investment Advisors Co. bought a new position in shares of Dollar General during the 3rd quarter valued at approximately $5,650,000. Lecap Asset Management Ltd. boosted its stake in Dollar General by 231.6% during the third quarter. Lecap Asset Management Ltd. now owns 37,462 shares of the company’s stock worth $3,168,000 after buying an additional 26,165 shares during the period. Cetera Investment Advisers boosted its stake in shares of Dollar General by 278.1% during the 1st quarter. Cetera Investment Advisers now owns 64,628 shares of the company’s stock worth $10,086,000 after purchasing an additional 47,534 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Dollar General by 62.9% during the third quarter. Victory Capital Management Inc. now owns 166,574 shares of the company’s stock valued at $14,087,000 after buying an additional 64,336 shares during the period. Institutional investors own 91.77% of the company’s stock.

Insiders Place Their Bets

In related news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The trade was a 1.23 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Dollar General Stock Performance

DG opened at $74.93 on Friday. The firm has a market capitalization of $16.48 billion, a PE ratio of 11.64, a P/E/G ratio of 2.16 and a beta of 0.45. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07. The firm has a 50 day moving average of $81.16 and a two-hundred day moving average of $108.22. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the prior year, the company posted $2.13 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s payout ratio is 36.65%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of research analyst reports. Loop Capital decreased their price target 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 cut their price target on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Sanford C. Bernstein began coverage on shares of Dollar General in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective for the company. Wells Fargo & Company reduced their target price on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Finally, HSBC decreased their target price on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.00.

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.