Quantinno Capital Management LP Sells 29,687 Shares of Dollar General Co. (NYSE:DG)

Quantinno Capital Management LP trimmed its position in shares of Dollar General Co. (NYSE:DG) by 81.1% in the third quarter, Holdings Channel reports. The fund owned 6,911 shares of the company’s stock after selling 29,687 shares during the quarter. Quantinno Capital Management LP’s holdings in Dollar General were worth $585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Swedbank AB increased its position in Dollar General by 21.4% during the second quarter. Swedbank AB now owns 101,424 shares of the company’s stock worth $13,411,000 after acquiring an additional 17,849 shares during the period. Blue Trust Inc. raised its position in shares of Dollar General by 38.4% during the second quarter. Blue Trust Inc. now owns 790 shares of the company’s stock valued at $104,000 after buying an additional 219 shares during the last quarter. TCW Group Inc. lifted its stake in shares of Dollar General by 15.4% in the second quarter. TCW Group Inc. now owns 12,437 shares of the company’s stock valued at $1,645,000 after buying an additional 1,661 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Dollar General by 3.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 203,880 shares of the company’s stock worth $26,959,000 after buying an additional 6,144 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its stake in Dollar General by 1.8% during the second quarter. ZWJ Investment Counsel Inc. now owns 151,702 shares of the company’s stock valued at $20,060,000 after acquiring an additional 2,665 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. The trade was a 41.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Dollar General Trading Down 1.9 %

DG opened at $76.94 on Friday. Dollar General Co. has a 1-year low of $72.12 and a 1-year high of $168.07. The stock has a market capitalization of $16.92 billion, a PE ratio of 12.68, a PEG ratio of 2.37 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $79.15 and a two-hundred day moving average price of $101.39.

Dollar General (NYSE:DG) last issued its quarterly 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). The company had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. As a group, equities analysts anticipate that Dollar General Co. will post 5.77 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.07%. The ex-dividend date is Tuesday, January 7th. Dollar General’s dividend payout ratio is 38.88%.

Analyst Ratings Changes

DG has been the subject of a number of research reports. Melius Research began coverage on Dollar General in a research report on Monday, September 23rd. They issued a “hold” rating and a $85.00 price objective for the company. HSBC decreased their price target on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Sanford C. Bernstein started coverage on shares of Dollar General in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective for the company. Evercore ISI decreased their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company dropped their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus target price of $98.27.

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.