Private Capital Advisors Inc. Takes $1.01 Million Position in Macy's Inc (M)

Private Capital Advisors Inc. purchased a new stake in shares of Macy's Inc (NYSE:M) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 40,000 shares of the company’s stock, valued at approximately $1,008,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Kistler Tiffany Companies LLC bought a new position in shares of Macy's in the third quarter worth approximately $148,000. IFP Advisors Inc grew its holdings in shares of Macy's by 62.9% in the third quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock worth $174,000 after purchasing an additional 3,083 shares during the last quarter. IFM Investors Pty Ltd bought a new position in shares of Macy's in the third quarter worth approximately $200,000. Westside Investment Management Inc. grew its holdings in shares of Macy's by 3,191.7% in the second quarter. Westside Investment Management Inc. now owns 9,875 shares of the company’s stock worth $208,000 after purchasing an additional 9,575 shares during the last quarter. Finally, ING Groep NV bought a new position in shares of Macy's in the third quarter worth approximately $212,000. Institutional investors and hedge funds own 82.04% of the company’s stock.

Shares of Macy's Inc (M) traded up $0.59 during trading on Friday, reaching $26.89. The company’s stock had a trading volume of 13,569,876 shares, compared to its average volume of 16,772,045. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19. The stock has a market capitalization of $8,190.00, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.79 and a beta of 0.97. Macy's Inc has a fifty-two week low of $17.41 and a fifty-two week high of $34.37.

Macy's (NYSE:M) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.31 billion. Macy's had a return on equity of 21.20% and a net margin of 2.83%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. equities analysts expect that Macy's Inc will post 3.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were given a dividend of $0.3775 per share. This represents a $1.51 annualized dividend and a yield of 5.62%. The ex-dividend date was Thursday, December 14th. Macy's’s dividend payout ratio is currently 66.52%.

M has been the topic of several recent analyst reports. Vetr cut shares of Macy's from a “strong-buy” rating to a “buy” rating and set a $27.26 target price on the stock. in a report on Monday, December 4th. Canaccord Genuity reiterated a “buy” rating and issued a $9.50 price target on shares of Macy's in a report on Thursday, November 16th. BMO Capital Markets set a $35.00 price target on shares of Macy's and gave the company a “buy” rating in a report on Sunday, November 12th. Susquehanna Bancshares set a $38.00 price target on shares of Macy's and gave the company a “buy” rating in a report on Friday, October 20th. Finally, ValuEngine upgraded shares of Macy's from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Macy's presently has a consensus rating of “Hold” and a consensus target price of $26.02.

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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.

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

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