Worldquant Millennium Advisors LLC Buys 839,698 Shares of Dollar General Co. (NYSE:DG)

Worldquant Millennium Advisors LLC increased its stake in Dollar General Co. (NYSE:DG - Free Report) by 215.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,229,105 shares of the company's stock after purchasing an additional 839,698 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.56% of Dollar General worth $93,191,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DG. IMG Wealth Management Inc. bought a new stake in Dollar General during the fourth quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in Dollar General during the fourth quarter valued at about $25,000. Providence First Trust Co bought a new stake in Dollar General during the fourth quarter valued at about $33,000. Bogart Wealth LLC raised its holdings in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock valued at $37,000 after acquiring an additional 361 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Dollar General during the fourth quarter valued at about $37,000. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DG has been the topic of a number of recent analyst reports. Bank of America decreased their price target on Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, March 14th. Sanford C. Bernstein reissued an "outperform" rating on shares of Dollar General in a report on Monday, May 5th. Melius Research upgraded Dollar General from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Telsey Advisory Group restated a "market perform" rating and set a $85.00 price objective on shares of Dollar General in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group raised their price objective on Dollar General from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $95.48.

Dollar General Trading Up 5.0%

DG opened at $98.23 on Tuesday. The firm has a market cap of $21.61 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.18 and a beta of 0.27. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $147.79. 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 stock has a 50-day moving average of $89.28 and a 200 day moving average of $80.07.

Dollar General (NYSE:DG - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.26 billion. During the same quarter in the previous year, the business earned $1.83 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.40%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.56% of the company's stock.

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.

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