Stifel Financial Corp Has $4.96 Million Stake in Macy’s Inc (M)
Stifel Financial Corp reduced its holdings in shares of Macy’s Inc (NYSE:M) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 213,523 shares of the company’s stock after selling 116 shares during the quarter. Stifel Financial Corp owned approximately 0.07% of Macy’s worth $4,962,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in M. Ffcm LLC boosted its position in shares of Macy’s by 251.6% during the 2nd quarter. Ffcm LLC now owns 5,052 shares of the company’s stock worth $120,000 after acquiring an additional 3,615 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of Macy’s by 51.1% during the 2nd quarter. Penserra Capital Management LLC now owns 5,560 shares of the company’s stock worth $129,000 after acquiring an additional 1,880 shares in the last quarter. Financial Architects Inc boosted its position in shares of Macy’s by 254.5% during the 2nd quarter. Financial Architects Inc now owns 5,850 shares of the company’s stock worth $136,000 after acquiring an additional 4,200 shares in the last quarter. Edge Wealth Management LLC acquired a new position in shares of Macy’s during the 2nd quarter worth about $142,000. Finally, Pacer Advisors Inc. boosted its position in shares of Macy’s by 3.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,500 shares of the company’s stock worth $193,000 after acquiring an additional 200 shares in the last quarter. 81.97% of the stock is owned by institutional investors and hedge funds.
In other Macy’s news, Director John A. Bryant acquired 9,825 shares of Macy’s stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the completion of the transaction, the director now owns 9,825 shares in the company, valued at approximately $199,644. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.
Macy’s Inc (NYSE M) opened at 20.81 on Friday. The stock has a market capitalization of $6.34 billion, a P/E ratio of 9.46 and a beta of 0.87. The stock’s 50 day moving average price is $21.32 and its 200-day moving average price is $24.01. Macy’s Inc has a 52 week low of $19.32 and a 52 week high of $45.41.
Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.52 billion. Macy’s had a return on equity of 21.38% and a net margin of 2.71%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Equities research analysts expect that Macy’s Inc will post $3.40 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were given a dividend of $0.3775 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.51 annualized dividend and a dividend yield of 7.26%. Macy’s’s dividend payout ratio is presently 68.64%.
M has been the subject of a number of research analyst reports. UBS AG reissued a “neutral” rating and issued a $21.00 target price (down from $23.00) on shares of Macy’s in a research report on Monday, August 14th. BidaskClub raised Macy’s from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a “hold” rating and issued a $21.00 target price (down from $24.00) on shares of Macy’s in a research report on Friday, August 11th. Cowen and Company reissued a “hold” rating and issued a $23.00 target price on shares of Macy’s in a research report on Thursday, September 28th. Finally, BMO Capital Markets set a $36.00 target price on Macy’s and gave the company a “buy” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.92.
Macy’s Company 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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