Twin Capital Management Inc. Decreases Stake in Macy’s Inc (NYSE:M)

Twin Capital Management Inc. lowered its position in Macy’s Inc (NYSE:M) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,540 shares of the company’s stock after selling 9,200 shares during the quarter. Twin Capital Management Inc.’s holdings in Macy’s were worth $2,479,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Macy’s by 0.4% in the 1st quarter. BlackRock Inc. now owns 30,073,924 shares of the company’s stock valued at $722,677,000 after acquiring an additional 121,302 shares during the period. Geode Capital Management LLC grew its position in Macy’s by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 5,150,836 shares of the company’s stock valued at $153,359,000 after buying an additional 355,028 shares during the last quarter. OppenheimerFunds Inc. grew its position in Macy’s by 2,206.5% in the 1st quarter. OppenheimerFunds Inc. now owns 3,070,872 shares of the company’s stock valued at $73,793,000 after buying an additional 2,937,732 shares during the last quarter. Alps Advisors Inc. grew its position in Macy’s by 31.5% in the 1st quarter. Alps Advisors Inc. now owns 1,714,793 shares of the company’s stock valued at $41,206,000 after buying an additional 410,689 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its position in Macy’s by 1.6% in the 2nd quarter. Douglas Lane & Associates LLC now owns 1,664,640 shares of the company’s stock valued at $35,723,000 after buying an additional 26,869 shares during the last quarter. Institutional investors own 90.71% of the company’s stock.

In other Macy’s news, President Harry A. Lawton III acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average cost of $21.37 per share, for a total transaction of $106,850.00. Following the transaction, the president now directly owns 31,038 shares of the company’s stock, valued at $663,282.06. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Francis S. Blake acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average price of $21.63 per share, for a total transaction of $216,300.00. Following the completion of the transaction, the director now directly owns 2,200 shares in the company, valued at $47,586. The disclosure for this purchase can be found here. 0.55% of the stock is owned by insiders.



M has been the topic of a number of analyst reports. Goldman Sachs Group upgraded shares of Macy’s from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $21.00 in a research report on Thursday, May 16th. UBS Group set a $25.00 price objective on shares of Macy’s and gave the company a “hold” rating in a research report on Friday, May 17th. Zacks Investment Research upgraded shares of Macy’s from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. lowered shares of Macy’s from a “neutral” rating to an “underweight” rating in a research report on Wednesday. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $18.00 price objective (down from $25.00) on shares of Macy’s in a research report on Thursday. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.92.

Shares of NYSE M traded up $0.08 during trading on Friday, hitting $16.24. 317,944 shares of the company were exchanged, compared to its average volume of 8,721,186. The company has a market cap of $5.98 billion, a price-to-earnings ratio of 3.87, a PEG ratio of 0.83 and a beta of 0.55. Macy’s Inc has a 1 year low of $15.80 and a 1 year high of $39.00. The firm’s fifty day moving average price is $21.28 and its 200 day moving average price is $22.89. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.42 and a quick ratio of 0.32.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, August 14th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.17). The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.55 billion. Macy’s had a return on equity of 20.66% and a net margin of 4.43%. Macy’s’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. On average, research analysts forecast that Macy’s Inc will post 3.01 earnings per share for the current year.

Macy’s Company Profile

Macy's, Inc, an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores, such as Bloomingdale's The Outlet, Bluemercury, Macy's Backstage, and STORY in 43 states, the District of Columbia, Guam, and Puerto Rico.

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

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