Bank of New York Mellon Corp lifted its position in shares of Macy’s Inc (NYSE:M) by 14.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,325,701 shares of the company’s stock after purchasing an additional 1,076,502 shares during the quarter. Bank of New York Mellon Corp owned approximately 2.73% of Macy’s worth $181,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in M. Thrivent Financial For Lutherans grew its holdings in shares of Macy’s by 5.7% during the 1st quarter. Thrivent Financial For Lutherans now owns 11,238 shares of the company’s stock worth $333,000 after purchasing an additional 610 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Macy’s by 506.1% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 49,413 shares of the company’s stock worth $1,148,000 after purchasing an additional 41,260 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Macy’s by 19.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 154,806 shares of the company’s stock worth $3,598,000 after purchasing an additional 25,200 shares in the last quarter. LS Investment Advisors LLC grew its holdings in shares of Macy’s by 27.0% during the 2nd quarter. LS Investment Advisors LLC now owns 20,709 shares of the company’s stock worth $481,000 after purchasing an additional 4,397 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Macy’s by 10.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 89,374 shares of the company’s stock worth $2,060,000 after purchasing an additional 8,582 shares in the last quarter. 83.82% of the stock is currently owned by institutional investors.

Shares of Macy’s Inc (M) opened at $20.35 on Monday. The firm has a market capitalization of $6,200.00, a price-to-earnings ratio of 6.85, a PEG ratio of 0.71 and a beta of 0.86. Macy’s Inc has a 52-week low of $17.41 and a 52-week high of $45.41. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.19 and a current ratio of 1.29.

Macy’s (NYSE:M) last released its earnings results on Thursday, November 9th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.31 billion. Macy’s had a return on equity of 21.20% and a net margin of 2.83%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. research analysts forecast that Macy’s Inc will post 3.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be given a dividend of $0.3775 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 7.42%. Macy’s’s payout ratio is currently 66.52%.

TRADEMARK VIOLATION NOTICE: “Bank of New York Mellon Corp Purchases 1,076,502 Shares of Macy’s Inc (M)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/20/bank-of-new-york-mellon-corp-purchases-1076502-shares-of-macys-inc-m.html.

In related news, Director John A. Bryant acquired 9,825 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average price of $20.32 per share, for a total transaction of $199,644.00. Following the completion of the acquisition, the director now owns 9,825 shares of the company’s stock, valued at approximately $199,644. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Several analysts recently commented on M shares. Vetr lowered Macy’s from a “strong-buy” rating to a “buy” rating and set a $26.02 price target on the stock. in a research note on Thursday, July 27th. Wedbush reaffirmed a “hold” rating on shares of Macy’s in a research note on Monday, July 31st. Deutsche Bank AG boosted their price target on Macy’s from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered Macy’s from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets set a $36.00 price target on Macy’s and gave the company a “buy” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.37.

About Macy’s

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.

Institutional Ownership by Quarter for Macy`s (NYSE:M)

Receive News & Stock Ratings for Macy's Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's Inc and related stocks with our FREE daily email newsletter.