Kingswood Wealth Advisors LLC Cuts Stock Holdings in Dollar General Co. (NYSE:DG)

Kingswood Wealth Advisors LLC decreased its holdings in shares of Dollar General Co. (NYSE:DG) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,774 shares of the company’s stock after selling 1,077 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Dollar General were worth $513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DG. First Manhattan Co. lifted its position in Dollar General by 447.4% in the 4th quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after buying an additional 85 shares during the last quarter. Financial Freedom LLC bought a new stake in Dollar General in the 4th quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL bought a new stake in Dollar General in the 1st quarter worth approximately $28,000. Atlas Capital Advisors LLC bought a new stake in Dollar General in the 2nd quarter worth approximately $32,000. Finally, Resurgent Financial Advisors LLC bought a new stake in Dollar General in the 2nd quarter worth approximately $25,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Piper Sandler reiterated a “neutral” rating and issued a $147.00 price objective (up previously from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Evercore ISI boosted their price objective on Dollar General from $158.00 to $162.00 and gave the company an “in-line” rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, March 15th. The Goldman Sachs Group boosted their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, StockNews.com upgraded Dollar General from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Dollar General currently has an average rating of “Hold” and a consensus target price of $155.44.

Dollar General Trading Up 2.4 %

NYSE DG opened at $154.21 on Thursday. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $222.99. The stock has a market cap of $33.85 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.67 and a beta of 0.41. The stock’s fifty day moving average price is $142.98 and its 200-day moving average price is $129.36. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a return on equity of 26.13% and a net margin of 4.29%. The firm had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period in the prior year, the firm posted $2.96 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities analysts forecast that Dollar General Co. will post 7.33 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, April 8th. Dollar General’s payout ratio is currently 31.22%.

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.