Today The Quantitative Investment Management LLC Invests $23,061,000 in Dollar General Corporation (DG)

Today The Quantitative Investment Management LLC Invests $23,061,000 in Dollar General Corporation (DG)

Quantitative Investment Management LLC acquired a new position in Dollar General Corporation (NYSE:DG) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 329,500 shares of the company’s stock, valued at approximately $23,061,000. Dollar General Corporation comprises 0.8% of Quantitative Investment Management LLC’s holdings, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in DG. Pacer Advisors Inc. increased its stake in Dollar General Corporation by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,124 shares of the company’s stock worth $106,000 after buying an additional 81 shares during the last quarter. Financial Architects Inc increased its stake in Dollar General Corporation by 390.7% in the third quarter. Financial Architects Inc now owns 1,526 shares of the company’s stock worth $107,000 after buying an additional 1,215 shares during the last quarter. FTB Advisors Inc. increased its stake in Dollar General Corporation by 14.9% in the third quarter. FTB Advisors Inc. now owns 1,595 shares of the company’s stock worth $109,000 after buying an additional 207 shares during the last quarter. Alpha Windward LLC increased its stake in Dollar General Corporation by 1.5% in the third quarter. Alpha Windward LLC now owns 2,273 shares of the company’s stock worth $159,000 after buying an additional 33 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in Dollar General Corporation by 20.9% in the third quarter. CENTRAL TRUST Co now owns 2,900 shares of the company’s stock worth $203,000 after buying an additional 501 shares during the last quarter. 85.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dollar General Corporation (NYSE:DG) traded up 0.89% during midday trading on Wednesday, reaching $72.39. The company’s stock had a trading volume of 323,500 shares. The stock’s 50-day moving average is $74.61 and its 200 day moving average is $77.73. Dollar General Corporation has a 12 month low of $66.50 and a 12 month high of $96.88. The stock has a market capitalization of $20.00 billion, a P/E ratio of 16.98 and a beta of 0.84.

Dollar General Corporation (NYSE:DG) last issued its earnings results on Thursday, December 1st. The company reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by $0.04. The business earned $5.32 billion during the quarter, compared to analyst estimates of $5.37 billion. Dollar General Corporation had a return on equity of 22.79% and a net margin of 5.70%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. On average, analysts expect that Dollar General Corporation will post $4.40 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 21st were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. Dollar General Corporation’s payout ratio is 23.53%.

Several analysts have recently issued reports on the company. Deutsche Bank AG restated a “buy” rating and issued a $77.00 price objective (down from $84.00) on shares of Dollar General Corporation in a research report on Wednesday, October 12th. Vetr downgraded Dollar General Corporation from a “strong-buy” rating to a “buy” rating and set a $80.38 price objective on the stock. in a research report on Thursday, November 10th. Guggenheim restated a “buy” rating and issued a $90.00 price objective on shares of Dollar General Corporation in a research report on Tuesday, November 29th. Buckingham Research restated a “buy” rating and issued a $90.00 price objective on shares of Dollar General Corporation in a research report on Tuesday, November 29th. Finally, RBC Capital Markets restated a “buy” rating and issued a $80.00 price objective on shares of Dollar General Corporation in a research report on Thursday, January 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $87.05.

In related news, EVP Robert D. Ravener sold 6,376 shares of Dollar General Corporation stock in a transaction on Friday, December 16th. The stock was sold at an average price of $77.32, for a total transaction of $492,992.32. Following the completion of the sale, the executive vice president now owns 18,174 shares of the company’s stock, valued at $1,405,213.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.

About Dollar General Corporation

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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