Heritage Investors Management Corp trimmed its position in Macy's Inc (NYSE:M) by 22.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,897 shares of the company’s stock after selling 4,102 shares during the quarter. Heritage Investors Management Corp’s holdings in Macy's were worth $350,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in M. Douglas Lane & Associates LLC grew its position in shares of Macy's by 57.8% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,243,096 shares of the company’s stock worth $48,944,000 after buying an additional 821,366 shares during the period. Prudential Financial Inc. grew its position 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 buying an additional 2,153,110 shares during the period. Benchmark Capital Advisors acquired a new position in shares of Macy's during the 3rd quarter worth about $1,335,000. Empirical Finance LLC acquired a new position in shares of Macy's during the 3rd quarter worth about $1,221,000. Finally, Sanders Morris Harris LLC grew its position in shares of Macy's by 28.2% during the 3rd quarter. Sanders Morris Harris LLC now owns 296,900 shares of the company’s stock worth $6,478,000 after buying an additional 65,300 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.
Macy's Inc (NYSE:M) opened at $24.19 on Tuesday. Macy's Inc has a 1-year low of $17.41 and a 1-year high of $33.73. The company has a current ratio of 1.29, a quick ratio of 0.19 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $7,355.28, a PE ratio of 8.13, a PEG ratio of 1.01 and a beta of 0.98.
Several equities analysts have recently issued reports on the company. Royal Bank of Canada set a $26.00 target price on Macy's and gave the stock a “hold” rating in a research report on Friday, January 19th. Vetr lowered Macy's from a “strong-buy” rating to a “buy” rating and set a $28.05 target price for the company. in a research report on Tuesday, December 19th. Zacks Investment Research upgraded Macy's from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, January 10th. Telsey Advisory Group boosted their target price on Macy's from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Thursday, December 28th. Finally, ValuEngine lowered Macy's from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.07.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/13/heritage-investors-management-corp-lowers-position-in-macys-inc-m.html.
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.
Want to see what other hedge funds are holding M? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macy's Inc (NYSE:M).
Receive News & Ratings for Macy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's and related companies with MarketBeat.com's FREE daily email newsletter.