Macy’s Inc (M) Shares Bought by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. boosted its stake in shares of Macy’s Inc (NYSE:M) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 266,046 shares of the company’s stock after acquiring an additional 3,169 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Macy’s worth $5,805,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ffcm LLC boosted its stake in shares of Macy’s by 251.6% in the 2nd quarter. Ffcm LLC now owns 5,052 shares of the company’s stock valued at $120,000 after purchasing an additional 3,615 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Macy’s by 51.1% in the 2nd quarter. Penserra Capital Management LLC now owns 5,560 shares of the company’s stock valued at $129,000 after purchasing an additional 1,880 shares during the last quarter. Kistler Tiffany Companies LLC bought a new position in shares of Macy’s in the 3rd quarter valued at about $148,000. IFP Advisors Inc boosted its stake in shares of Macy’s by 62.9% in the 3rd quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock valued at $174,000 after purchasing an additional 3,083 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of Macy’s by 3,191.7% in the 2nd quarter. Westside Investment Management Inc. now owns 9,875 shares of the company’s stock valued at $208,000 after purchasing an additional 9,575 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Macy’s Inc (M) opened at $24.59 on Friday. The firm has a market cap of $7,489.28, a P/E ratio of 8.28, a P/E/G ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19. Macy’s Inc has a 52-week low of $17.41 and a 52-week high of $39.78.

Macy’s (NYSE:M) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.31 billion. Macy’s had a net margin of 2.83% and a return on equity of 21.20%. Macy’s’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. research analysts predict that Macy’s Inc will post 3.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a dividend of $0.3775 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.51 annualized dividend and a yield of 6.14%. Macy’s’s dividend payout ratio (DPR) is currently 66.52%.

M has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 target price on shares of Macy’s in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of Macy’s from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. BidaskClub lowered shares of Macy’s from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Citigroup lowered shares of Macy’s from a “neutral” rating to a “sell” rating and reduced their target price for the company from $21.00 to $16.00 in a research note on Monday, October 30th. Finally, ValuEngine lowered shares of Macy’s from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.46.

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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.

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

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