National Pension Service increased its position in Macy’s Inc (NYSE:M) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 489,000 shares of the company’s stock after buying an additional 25,532 shares during the quarter. National Pension Service owned 0.16% of Macy’s worth $7,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in M. Patriot Financial Group Insurance Agency LLC lifted its holdings in Macy’s by 646.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,501 shares of the company’s stock worth $32,000 after buying an additional 1,300 shares during the period. Bartlett & Co. LLC increased its stake in shares of Macy’s by 74.7% in the second quarter. Bartlett & Co. LLC now owns 1,889 shares of the company’s stock valued at $41,000 after buying an additional 808 shares during the period. NumerixS Investment Technologies Inc bought a new position in shares of Macy’s during the second quarter worth about $41,000. Capital Bank & Trust Co bought a new position in shares of Macy’s during the second quarter worth about $43,000. Finally, Parallel Advisors LLC raised its position in shares of Macy’s by 1,733.1% during the second quarter. Parallel Advisors LLC now owns 2,603 shares of the company’s stock worth $56,000 after acquiring an additional 2,461 shares during the last quarter. 90.76% of the stock is owned by institutional investors.

Shares of Macy’s stock opened at $15.40 on Tuesday. The stock has a fifty day simple moving average of $15.66 and a 200 day simple moving average of $18.24. Macy’s Inc has a 12-month low of $14.11 and a 12-month high of $35.06. The company has a market capitalization of $4.73 billion, a P/E ratio of 4.35, a price-to-earnings-growth ratio of 0.78 and a beta of 0.60. The company has a current ratio of 1.28, a quick ratio of 0.16 and a debt-to-equity ratio of 1.24.

Macy’s (NYSE:M) last released its quarterly earnings results on Thursday, November 21st. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Macy’s had a return on equity of 17.44% and a net margin of 3.91%. The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same period in the prior year, the firm posted $0.27 EPS. Macy’s’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, analysts predict that Macy’s Inc will post 2.62 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.3775 dividend. This is a positive change from Macy’s’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.51 annualized dividend and a dividend yield of 9.81%. Macy’s’s dividend payout ratio is presently 36.12%.

M has been the subject of several recent analyst reports. Bank of America reiterated a “sell” rating and set a $12.00 price objective (down from $14.00) on shares of Macy’s in a research report on Thursday, November 21st. Guggenheim restated a “hold” rating on shares of Macy’s in a research report on Thursday, November 21st. Telsey Advisory Group decreased their target price on Macy’s from $18.00 to $16.00 and set a “market perform” rating for the company in a research note on Friday, November 22nd. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $13.00 target price (down from $14.00) on shares of Macy’s in a report on Thursday, November 21st. Finally, Deutsche Bank dropped their price target on Macy’s from $22.00 to $18.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.38.

In other Macy’s news, insider C Elisa D. Garcia sold 5,089 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $15.48, for a total value of $78,777.72. Following the completion of the sale, the insider now directly owns 16,825 shares of the company’s stock, valued at approximately $260,451. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.55% of the company’s stock.

Macy’s Company Profile

Macy's, Inc, an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico.

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

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