Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Macy’s Inc (NYSE:M) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,383 shares of the company’s stock after buying an additional 4,386 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Macy’s were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its position in Macy’s by 163.1% during the second quarter. Voya Investment Management LLC now owns 451,225 shares of the company’s stock valued at $10,487,000 after purchasing an additional 279,720 shares in the last quarter. Douglas Lane & Associates LLC lifted its position in Macy’s by 57.8% during the third quarter. Douglas Lane & Associates LLC now owns 2,243,096 shares of the company’s stock valued at $48,944,000 after purchasing an additional 821,366 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Macy’s by 48.4% during the second quarter. Neuberger Berman Group LLC now owns 928,351 shares of the company’s stock valued at $21,575,000 after purchasing an additional 302,628 shares in the last quarter. Commonwealth Bank of Australia lifted its position in Macy’s by 27.8% during the second quarter. Commonwealth Bank of Australia now owns 140,199 shares of the company’s stock valued at $3,257,000 after purchasing an additional 30,500 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Macy’s by 75.3% during the third quarter. Prudential Financial Inc. now owns 5,013,391 shares of the company’s stock valued at $109,392,000 after purchasing an additional 2,153,110 shares in the last quarter. Hedge funds and other institutional investors own 83.82% of the company’s stock.

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Shares of Macy’s Inc (NYSE M) opened at $20.63 on Thursday. 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 Inc has a 52 week low of $17.41 and a 52 week high of $45.41. The firm has a market capitalization of $6,219.93, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 0.71 and a beta of 0.86.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.3775 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.51 annualized dividend and a yield of 7.32%. Macy’s’s payout ratio is currently 66.52%.

M has been the topic of several research analyst reports. Vetr downgraded Macy’s from a “strong-buy” rating to a “buy” rating and set a $26.02 price objective on the stock. in a research report on Thursday, July 27th. Wedbush restated a “hold” rating on shares of Macy’s in a research report on Monday, July 31st. Deutsche Bank AG boosted their price objective on Macy’s from $24.00 to $25.00 and gave the company a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Macy’s from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets set a $36.00 price objective on Macy’s and gave the company a “buy” rating in a research report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price 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.

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

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