Macy’s Inc (M) Holdings Boosted by Norinchukin Bank The
Norinchukin Bank The grew its position in Macy’s Inc (NYSE:M) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,431 shares of the company’s stock after purchasing an additional 670 shares during the quarter. Norinchukin Bank The’s holdings in Macy’s were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC boosted its position in shares of Macy’s by 9.5% in the first quarter. Penserra Capital Management LLC now owns 3,680 shares of the company’s stock worth $109,000 after purchasing an additional 320 shares during the period. Ffcm LLC boosted its position in shares of Macy’s by 251.6% in the second quarter. Ffcm LLC now owns 5,052 shares of the company’s stock worth $120,000 after purchasing an additional 3,615 shares during the period. Financial Architects Inc boosted its position in shares of Macy’s by 254.5% in the second quarter. Financial Architects Inc now owns 5,850 shares of the company’s stock worth $136,000 after purchasing an additional 4,200 shares during the period. Edge Wealth Management LLC bought a new position in shares of Macy’s in the second quarter worth approximately $142,000. Finally, Pacer Advisors Inc. boosted its position in shares of Macy’s by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,500 shares of the company’s stock worth $193,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 81.69% of the company’s stock.
In related news, Director John A. Bryant acquired 9,825 shares of Macy’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were purchased at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the acquisition, the director now owns 9,825 shares in the company, valued at $199,644. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by insiders.
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Macy’s Inc (NYSE M) opened at 21.48 on Thursday. The company has a 50-day moving average of $21.53 and a 200 day moving average of $24.80. The stock has a market cap of $6.54 billion, a P/E ratio of 9.76 and a beta of 0.83. Macy’s Inc has a 1-year low of $19.32 and a 1-year high of $45.41.
Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.52 billion. Macy’s had a net margin of 2.71% and a return on equity of 21.38%. Macy’s’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Analysts predict that Macy’s Inc will post $3.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.3775 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.51 annualized dividend and a yield of 7.03%. Macy’s’s dividend payout ratio (DPR) is currently 68.64%.
A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 price target on shares of Macy’s in a research report on Monday. BMO Capital Markets restated an “outperform” rating on shares of Macy’s in a research report on Thursday, September 14th. Cowen and Company restated a “market perform” rating and set a $23.00 target price on shares of Macy’s in a research report on Wednesday, September 6th. ValuEngine lowered shares of Macy’s from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded shares of Macy’s from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Macy’s presently has an average rating of “Hold” and an average price target of $27.63.
Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.
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