New York State Teachers Retirement System Sells 9,998 Shares of Macy’s Inc (M)

New York State Teachers Retirement System cut its stake in shares of Macy’s Inc (NYSE:M) by 1.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 523,991 shares of the company’s stock after selling 9,998 shares during the period. New York State Teachers Retirement System’s holdings in Macy’s were worth $15,531,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of M. Penserra Capital Management LLC boosted its position in Macy’s by 9.5% in the first quarter. Penserra Capital Management LLC now owns 3,680 shares of the company’s stock valued at $109,000 after buying an additional 320 shares in the last quarter. Ropes Wealth Advisors LLC boosted its position in Macy’s by 63.5% in the first quarter. Ropes Wealth Advisors LLC now owns 4,806 shares of the company’s stock worth $142,000 after buying an additional 1,866 shares in the last quarter. WFG Advisors LP boosted its position in Macy’s by 9,613.2% in the fourth quarter. WFG Advisors LP now owns 3,691 shares of the company’s stock worth $144,000 after buying an additional 3,653 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its position in Macy’s by 241.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 5,530 shares of the company’s stock worth $164,000 after buying an additional 3,910 shares in the last quarter. Finally, Blenheim Capital Management BV bought a new position in Macy’s during the fourth quarter worth $186,000. Hedge funds and other institutional investors own 86.32% of the company’s stock.

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

Shares of Macy’s Inc (NYSE M) traded down 1.89% during midday trading on Tuesday, hitting $22.28. 4,294,884 shares of the company were exchanged. The company has a 50-day moving average price of $24.43 and a 200-day moving average price of $30.23. Macy’s Inc has a 52-week low of $21.51 and a 52-week high of $45.41. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 12.02 and a beta of 0.77.

Macy’s (NYSE:M) last announced its earnings results on Thursday, May 11th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.12. Macy’s had a net margin of 2.26% and a return on equity of 22.37%. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same period in the previous year, the firm posted $0.40 EPS. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, analysts forecast that Macy’s Inc will post $3.30 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Thursday, June 15th will be paid a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 6.65%. The ex-dividend date is Tuesday, June 13th. Macy’s’s payout ratio is 81.62%.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Mideast Time and is the property of of Mideast Time. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.mideasttime.com/new-york-state-teachers-retirement-system-sells-9998-shares-of-macys-inc-m/1796387.html.

M has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of Macy’s from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, June 7th. Vetr upgraded shares of Macy’s from a “buy” rating to a “strong-buy” rating and set a $30.62 price objective for the company in a research report on Thursday, May 11th. Gordon Haskett initiated coverage on shares of Macy’s in a research report on Tuesday, May 9th. They set a “hold” rating and a $29.00 price objective for the company. Bank of America Corporation reduced their price objective on shares of Macy’s from $31.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, June 9th. Finally, Zacks Investment Research cut shares of Macy’s from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.89.

In other news, Director William H. Lenehan bought 4,390 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $22.72 per share, with a total value of $99,740.80. Following the purchase, the director now owns 5,968 shares of the company’s stock, valued at approximately $135,592.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Felicia Williams sold 1,697 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $28.55, for a total transaction of $48,449.35. Following the completion of the transaction, the executive vice president now directly owns 1,697 shares of the company’s stock, valued at approximately $48,449.35. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “M”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding M? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macy’s Inc (NYSE:M).

Receive News & Ratings for Macy's Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.