Mackenzie Financial Corp acquired a new stake in shares of Macy's Inc (NYSE:M) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,511 shares of the company’s stock, valued at approximately $1,121,000.
A number of other institutional investors have also recently bought and sold shares of the stock. American International Group Inc. increased its position in Macy's by 98.9% during the fourth quarter. American International Group Inc. now owns 23,923,612 shares of the company’s stock valued at $602,636,000 after acquiring an additional 11,894,858 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Macy's by 28.0% during the fourth quarter. Bank of New York Mellon Corp now owns 10,653,773 shares of the company’s stock valued at $268,367,000 after purchasing an additional 2,328,072 shares during the period. Dimensional Fund Advisors LP grew its holdings in Macy's by 30.9% during the third quarter. Dimensional Fund Advisors LP now owns 6,969,989 shares of the company’s stock valued at $152,091,000 after purchasing an additional 1,646,858 shares during the period. Prudential Financial Inc. grew its holdings in Macy's by 75.3% during the third quarter. Prudential Financial Inc. now owns 5,013,391 shares of the company’s stock valued at $109,392,000 after purchasing an additional 2,153,110 shares during the period. Finally, LSV Asset Management grew its holdings in Macy's by 3.8% during the fourth quarter. LSV Asset Management now owns 3,916,854 shares of the company’s stock valued at $98,665,000 after purchasing an additional 144,600 shares during the period. Institutional investors own 85.77% of the company’s stock.
In related news, CFO Karen M. Hoguet sold 67,515 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $29.39, for a total transaction of $1,984,265.85. Following the completion of the transaction, the chief financial officer now directly owns 67,515 shares of the company’s stock, valued at $1,984,265.85. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Marna C. Whittington sold 20,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $30.30, for a total value of $606,000.00. Following the transaction, the director now directly owns 54,834 shares of the company’s stock, valued at $1,661,470.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,607 shares of company stock valued at $3,150,407. 1.40% of the stock is owned by corporate insiders.
Macy's Inc (NYSE M) opened at $28.88 on Friday. The firm has a market capitalization of $8,802.62, a PE ratio of 7.66, a PEG ratio of 0.94 and a beta of 0.79. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.47 and a quick ratio of 0.45. Macy's Inc has a one year low of $17.41 and a one year high of $31.97.
Macy's (NYSE:M) last released its quarterly earnings data on Tuesday, February 27th. The company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.11. Macy's had a return on equity of 24.93% and a net margin of 6.23%. The firm 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 company posted $2.02 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. research analysts forecast that Macy's Inc will post 3.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be paid a dividend of $0.3775 per share. This represents a $1.51 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Wednesday, March 14th. Macy's’s payout ratio is presently 29.96%.
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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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