Rockefeller Capital Management L.P. Lowers Holdings in Macy’s, Inc. $M

Rockefeller Capital Management L.P. trimmed its holdings in Macy’s, Inc. (NYSE:M) by 39.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,300 shares of the company’s stock after selling 189,622 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Macy’s were worth $6,445,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in M. Corient Private Wealth LLC lifted its holdings in shares of Macy’s by 51.9% in the fourth quarter. Corient Private Wealth LLC now owns 292,216 shares of the company’s stock worth $6,444,000 after buying an additional 99,832 shares in the last quarter. Hsbc Holdings PLC grew its stake in Macy’s by 112.1% during the fourth quarter. Hsbc Holdings PLC now owns 383,947 shares of the company’s stock valued at $8,442,000 after acquiring an additional 202,906 shares in the last quarter. Pacer Advisors Inc. grew its stake in Macy’s by 1,859.1% during the fourth quarter. Pacer Advisors Inc. now owns 1,337,481 shares of the company’s stock valued at $29,491,000 after acquiring an additional 1,269,211 shares in the last quarter. Kera Capital Partners Inc. bought a new stake in Macy’s in the 4th quarter valued at $271,000. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Macy’s by 420.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 66,243 shares of the company’s stock valued at $1,461,000 after acquiring an additional 53,512 shares during the last quarter. 87.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Thomas Jr. Edwards sold 16,419 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $24.89, for a total transaction of $408,668.91. Following the sale, the executive vice president owned 20,000 shares in the company, valued at approximately $497,800. This represents a 45.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Olivier Bron sold 7,228 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $129,525.76. Following the completion of the sale, the chief executive officer owned 21,590 shares of the company’s stock, valued at approximately $386,892.80. This represents a 25.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 121,463 shares of company stock worth $2,372,218. Company insiders own 1.05% of the company’s stock.

Macy’s Price Performance

M stock opened at $25.97 on Friday. Macy’s, Inc. has a 52 week low of $11.15 and a 52 week high of $26.10. The company has a quick ratio of 0.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The company has a fifty day simple moving average of $21.41 and a two-hundred day simple moving average of $20.88. The firm has a market capitalization of $6.83 billion, a P/E ratio of 10.73 and a beta of 1.48.

Macy’s (NYSE:M) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Macy’s had a net margin of 2.94% and a return on equity of 13.68%. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same period last year, the company posted $0.16 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Analysts anticipate that Macy’s, Inc. will post 2.16 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.1915 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. Macy’s’s payout ratio is currently 31.82%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research raised shares of Macy’s from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Telsey Advisory Group lifted their target price on Macy’s from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. Wall Street Zen upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. UBS Group reissued a “sell” rating on shares of Macy’s in a research note on Thursday, June 4th. Finally, Evercore set a $22.00 price target on Macy’s in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Macy’s has an average rating of “Reduce” and a consensus target price of $20.80.

About Macy’s

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.