Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Macy's Inc (NYSE:M) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,700 shares of the company’s stock, valued at approximately $422,000.
A number of other hedge funds have also recently modified their holdings of M. American International Group Inc. increased its holdings in Macy's by 98.9% during the 4th quarter. American International Group Inc. now owns 23,923,612 shares of the company’s stock valued at $602,636,000 after purchasing an additional 11,894,858 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Macy's by 28.0% during the 4th quarter. Bank of New York Mellon Corp now owns 10,653,773 shares of the company’s stock worth $268,367,000 after acquiring an additional 2,328,072 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Macy's by 30.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,969,989 shares of the company’s stock worth $152,091,000 after acquiring an additional 1,646,858 shares during the period. Prudential Financial Inc. grew its holdings in shares of Macy's by 75.3% during the 3rd quarter. Prudential Financial Inc. now owns 5,013,391 shares of the company’s stock worth $109,392,000 after acquiring an additional 2,153,110 shares during the period. Finally, LSV Asset Management grew its holdings in shares of Macy's by 3.8% during the 4th quarter. LSV Asset Management now owns 3,916,854 shares of the company’s stock worth $98,665,000 after acquiring an additional 144,600 shares during the period. 86.95% of the stock is owned by hedge funds and other institutional investors.
In other Macy's news, Director Deirdre P. Connelly sold 9,092 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $29.25, for a total transaction of $265,941.00. Following the completion of the transaction, the director now owns 16,184 shares of the company’s stock, valued at approximately $473,382. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marna C. Whittington sold 20,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $30.30, for a total transaction of $606,000.00. Following the transaction, the director now directly owns 54,834 shares of the company’s stock, valued at approximately $1,661,470.20. The disclosure for this sale can be found here. Insiders sold a total of 106,607 shares of company stock valued at $3,150,407 in the last quarter. 1.40% of the stock is currently owned by company insiders.
Macy's Inc (NYSE M) traded down $0.21 during trading hours on Wednesday, hitting $29.23. The stock had a trading volume of 10,558,792 shares, compared to its average volume of 11,490,000. Macy's Inc has a 52-week low of $17.41 and a 52-week high of $31.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.47 and a quick ratio of 0.45. The stock has a market cap of $8,900.00, a price-to-earnings ratio of 9.19, a price-to-earnings-growth ratio of 0.93 and a beta of 0.79.
Macy's (NYSE:M) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.71 by $0.11. Macy's had a return on equity of 24.93% and a net margin of 6.23%. The business had revenue of $8.67 billion during the quarter, compared to analyst estimates of $8.70 billion. During the same quarter in the prior year, the business posted $2.02 EPS. Macy's’s revenue for the quarter was up 1.8% compared to the same quarter last year. research analysts anticipate that Macy's Inc will post 3.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.3775 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.51 dividend on an annualized basis and a yield of 5.17%. Macy's’s payout ratio is presently 47.48%.
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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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