Mawer Investment Management Ltd. Has $34.42 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Mawer Investment Management Ltd. decreased its stake in Dollar General Co. (NYSE:DG - Free Report) by 16.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 406,980 shares of the company's stock after selling 78,563 shares during the period. Mawer Investment Management Ltd. owned 0.19% of Dollar General worth $34,418,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DG. Capital International Investors increased its holdings in shares of Dollar General by 11.3% in the first quarter. Capital International Investors now owns 20,790,023 shares of the company's stock valued at $3,244,491,000 after purchasing an additional 2,113,485 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Dollar General by 11.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company's stock worth $3,155,141,000 after purchasing an additional 2,031,593 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company's stock valued at $169,257,000 after purchasing an additional 765,206 shares during the period. Equity Investment Corp boosted its holdings in Dollar General by 60.8% in the 3rd quarter. Equity Investment Corp now owns 951,329 shares of the company's stock valued at $80,454,000 after purchasing an additional 359,757 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Dollar General by 319.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company's stock worth $122,324,000 after buying an additional 704,639 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company's stock.

Insider Activity

In related news, EVP Roderick J. West sold 2,510 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares of the company's stock, valued at approximately $762,819.75. This represents a 21.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Warren F. Bryant acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the purchase, the director now owns 42,030 shares of the company's stock, valued at $3,397,284.90. This trade represents a 2.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.49% of the company's stock.

Dollar General Trading Up 1.6 %

Dollar General stock traded up $1.21 during trading on Monday, hitting $77.09. The company's stock had a trading volume of 3,250,852 shares, compared to its average volume of 3,200,010. The stock's fifty day moving average is $81.85 and its 200 day moving average is $109.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a 1-year low of $73.51 and a 1-year high of $168.07. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 2.22 and a beta of 0.45.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analysts' expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $2.13 earnings per share. As a group, equities research analysts predict that Dollar General Co. will post 5.86 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Tuesday, October 8th. Dollar General's dividend payout ratio is presently 36.65%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DG shares. Loop Capital dropped their price objective on Dollar General from $130.00 to $90.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Telsey Advisory Group cut shares of Dollar General from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $168.00 to $103.00 in a research note on Friday, August 30th. Daiwa America lowered shares of Dollar General from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. reduced their price target on shares of Dollar General from $97.00 to $82.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Finally, Morgan Stanley cut Dollar General from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $170.00 to $100.00 in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and an average price target of $104.00.

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.