Dollar General Co. (NYSE:DG) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its stake in shares of Dollar General Co. (NYSE:DG - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,882 shares of the company's stock after purchasing an additional 14,431 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.05% of Dollar General worth $9,014,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC grew its stake in Dollar General by 453.4% in the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company's stock valued at $865,903,000 after purchasing an additional 8,388,735 shares during the period. State Street Corp increased its stake in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company's stock worth $842,208,000 after buying an additional 759,869 shares during the period. Geode Capital Management LLC raised its stake in shares of Dollar General by 3.6% during the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company's stock valued at $441,899,000 after acquiring an additional 182,300 shares during the last quarter. Baupost Group LLC MA purchased a new stake in Dollar General in the 3rd quarter worth approximately $194,832,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Dollar General by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company's stock worth $121,355,000 after purchasing an additional 31,200 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Insider Activity at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company's stock, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Dollar General Stock Down 0.4 %

Shares of Dollar General stock traded down $0.30 on Wednesday, hitting $73.83. The company had a trading volume of 2,309,370 shares, compared to its average volume of 3,401,487. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07. The stock has a 50 day moving average of $74.14 and a 200-day moving average of $85.02. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a market capitalization of $16.24 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 2.08 and a beta of 0.43.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company earned $1.26 earnings per share. Dollar General's revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General's payout ratio is currently 38.88%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DG. JPMorgan Chase & Co. lowered their target price on Dollar General from $97.00 to $82.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Telsey Advisory Group reduced their price target on shares of Dollar General from $103.00 to $90.00 and set a "market perform" rating on the stock in a research note on Monday, December 2nd. Bank of America upgraded Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 target price for the company in a report on Friday, December 6th. Morgan Stanley decreased their price target on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Finally, Gordon Haskett lowered shares of Dollar General from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Dollar General currently has a consensus rating of "Hold" and an average target price of $96.77.

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.