Macy’s Inc (M) Holdings Held by Capital World Investors
Capital World Investors maintained its position in Macy’s Inc (NYSE:M) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,500,000 shares of the company’s stock at the close of the 2nd quarter. Capital World Investors owned approximately 1.48% of Macy’s worth $104,580,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Ffcm LLC lifted its holdings in shares of Macy’s by 251.6% in the second quarter. Ffcm LLC now owns 5,052 shares of the company’s stock valued at $120,000 after purchasing an additional 3,615 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Macy’s by 51.1% in the second quarter. Penserra Capital Management LLC now owns 5,560 shares of the company’s stock valued at $129,000 after purchasing an additional 1,880 shares in the last quarter. Financial Architects Inc lifted its holdings in shares of Macy’s by 254.5% in the second quarter. Financial Architects Inc now owns 5,850 shares of the company’s stock valued at $136,000 after purchasing an additional 4,200 shares in the last quarter. Edge Wealth Management LLC purchased a new stake in shares of Macy’s in the second quarter valued at about $142,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Macy’s by 3.2% in the first quarter. Pacer Advisors Inc. now owns 6,500 shares of the company’s stock valued at $193,000 after purchasing an additional 200 shares in the last quarter. 81.97% of the stock is currently owned by hedge funds and other institutional investors.
In other Macy’s news, Director John A. Bryant bought 9,825 shares of Macy’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the completion of the purchase, the director now directly owns 9,825 shares of the company’s stock, valued at $199,644. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.
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Macy’s Inc (NYSE M) opened at 21.03 on Friday. The company’s 50-day moving average is $21.28 and its 200 day moving average is $24.07. The firm has a market cap of $6.40 billion, a price-to-earnings ratio of 9.56 and a beta of 0.87. Macy’s Inc has a 12 month low of $19.32 and a 12 month high of $45.41.
Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Macy’s had a net margin of 2.71% and a return on equity of 21.38%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. On average, equities research analysts predict that Macy’s Inc will post $3.40 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were paid a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend was Thursday, September 14th. Macy’s’s dividend payout ratio (DPR) is presently 68.64%.
Several analysts have issued reports on M shares. BidaskClub downgraded shares of Macy’s from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Vetr downgraded shares of Macy’s from a “strong-buy” rating to a “buy” rating and set a $26.02 price target on the stock. in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Macy’s from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Macy’s in a report on Thursday, September 14th. Finally, ValuEngine downgraded shares of Macy’s from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.92.
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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