Teachers Advisors LLC Reduces Holdings in Macy’s Inc (M)

Teachers Advisors LLC lowered its stake in Macy’s Inc (NYSE:M) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,373,341 shares of the company’s stock after selling 9,625 shares during the period. Teachers Advisors LLC owned approximately 0.45% of Macy’s worth $31,916,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Macy’s in the second quarter valued at $335,000. Penserra Capital Management LLC increased its holdings in shares of 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. Ffcm LLC increased 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 buying an additional 3,615 shares in the last quarter. Financial Architects Inc increased 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 buying an additional 4,200 shares in the last quarter. Finally, Edge Wealth Management LLC bought a new position in shares of Macy’s in the second quarter valued at $142,000. 81.69% of the stock is currently owned by institutional investors.

Shares of Macy’s Inc (NYSE:M) opened at 21.78 on Wednesday. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 9.90 and a beta of 0.83. The stock’s 50 day moving average is $21.53 and its 200 day moving average is $24.80. Macy’s Inc has a 12-month low of $19.32 and a 12-month high of $45.41.

Macy’s (NYSE:M) last issued its earnings results on Thursday, August 10th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The company 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 business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. Equities analysts expect that Macy’s Inc will post $3.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.3775 dividend. This represents a $1.51 annualized dividend and a dividend yield of 6.93%. The ex-dividend date is Thursday, September 14th. Macy’s’s payout ratio is presently 68.64%.

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Several research firms have issued reports on M. Vetr cut 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. ValuEngine cut Macy’s from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Wedbush reissued a “hold” rating on shares of Macy’s in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Macy’s from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Deutsche Bank AG boosted their target price on shares of Macy’s from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.63.

In other news, Director John A. Bryant bought 9,825 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $20.32 per share, for a total transaction of $199,644.00. Following the transaction, the director now owns 9,825 shares of the company’s stock, valued at $199,644. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

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

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