Rational Advisors LLC lowered its stake in shares of Macy's Inc (NYSE:M) by 70.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,390 shares of the company’s stock after selling 51,500 shares during the quarter. Rational Advisors LLC’s holdings in Macy's were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of M. SeaCrest Wealth Management LLC bought a new position in Macy's during the fourth quarter worth about $119,000. Cerebellum GP LLC bought a new position in Macy's during the fourth quarter worth about $127,000. Enterprise Financial Services Corp boosted its holdings in Macy's by 102.4% during the fourth quarter. Enterprise Financial Services Corp now owns 5,348 shares of the company’s stock worth $135,000 after buying an additional 2,706 shares during the last quarter. Kistler Tiffany Companies LLC bought a new position in shares of Macy's during the 3rd quarter valued at about $148,000. Finally, IFP Advisors Inc lifted its holdings in shares of Macy's by 62.9% during the 3rd quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock valued at $174,000 after purchasing an additional 3,083 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

M has been the topic of several recent analyst reports. Guggenheim reiterated a “buy” rating and set a $27.00 price objective on shares of Macy's in a report on Friday, December 15th. Vetr cut Macy's from a “strong-buy” rating to a “buy” rating and set a $27.26 price objective on the stock. in a report on Monday, December 4th. Canaccord Genuity reiterated a “buy” rating and set a $9.50 price objective on shares of Macy's in a report on Thursday, November 16th. BMO Capital Markets set a $35.00 price objective on Macy's and gave the company a “buy” rating in a report on Sunday, November 12th. Finally, Susquehanna Bancshares set a $38.00 price objective on Macy's and gave the company a “buy” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $26.07.

Shares of Macy's Inc (M) opened at $24.88 on Wednesday. The company has a market capitalization of $7,367.46, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 1.02 and a beta of 0.98. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19. Macy's Inc has a 12 month low of $17.41 and a 12 month high of $33.73.

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Macy's Profile

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

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