Todd Asset Management LLC Buys New Holdings in Macy’s Inc (M)
Todd Asset Management LLC bought a new position in Macy’s Inc (NYSE:M) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 423,488 shares of the company’s stock, valued at approximately $14,708,000.
Several other institutional investors have also bought and sold shares of M. Nissay Asset Management Corp Japan ADV lifted its position in Macy’s by 4.9% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 28,887 shares of the company’s stock valued at $1,081,000 after purchasing an additional 1,337 shares in the last quarter. Whittier Trust Co. lifted its position in Macy’s by 21.1% during the second quarter. Whittier Trust Co. now owns 7,966 shares of the company’s stock valued at $462,000 after purchasing an additional 1,390 shares in the last quarter. Amalgamated Bank lifted its position in Macy’s by 3.7% during the second quarter. Amalgamated Bank now owns 39,333 shares of the company’s stock valued at $1,472,000 after purchasing an additional 1,402 shares in the last quarter. Penserra Capital Management LLC lifted its position in Macy’s by 16.5% during the third quarter. Penserra Capital Management LLC now owns 10,304 shares of the company’s stock valued at $357,000 after purchasing an additional 1,456 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd lifted its position in Macy’s by 26.0% during the third quarter. Redpoint Investment Management Pty Ltd now owns 7,362 shares of the company’s stock valued at $256,000 after purchasing an additional 1,519 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.
In other Macy’s news, insider C Elisa D. Garcia sold 4,628 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $35.85, for a total transaction of $165,913.80. Following the completion of the transaction, the insider now owns 10,727 shares in the company, valued at $384,562.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Lenehan bought 3,154 shares of the company’s stock in a transaction on Friday, November 16th. The shares were acquired at an average price of $31.74 per share, with a total value of $100,107.96. Following the transaction, the director now directly owns 11,214 shares of the company’s stock, valued at $355,932.36. The disclosure for this purchase can be found here. Insiders have sold 233,312 shares of company stock valued at $7,817,972 in the last 90 days. Company insiders own 2.36% of the company’s stock.
NYSE:M opened at $33.08 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 0.24 and a debt-to-equity ratio of 0.97. The stock has a market cap of $10.22 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 0.96 and a beta of 0.62. Macy’s Inc has a 52 week low of $20.11 and a 52 week high of $41.99.
Macy’s (NYSE:M) last announced its earnings results on Wednesday, November 14th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.13. Macy’s had a return on equity of 22.33% and a net margin of 6.72%. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts predict that Macy’s Inc will post 4.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th will be given a dividend of $0.3775 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.51 annualized dividend and a dividend yield of 4.56%. Macy’s’s dividend payout ratio (DPR) is presently 40.05%.
Macy's, Inc, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy's and Bloomingdale's brands; 160 specialty stores under the Bloomingdale's The Outlet, Bluemercury, and Macy's Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com.
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