Hedge Funds Now Own 91.9% Of Macy’s, Inc. (M)

Macy’s, Inc. (NYSE:M) has made a 66.04% comeback from a 12-month low price of $17.41. It was seen 0.35% higher, changing the price to $28.9, when the closing bell rang on 03/16/2018. At recent session, the prices were hovering between $28.56 and $29.385. This company shares are 2.8% off its target price of $29.71 and the current market capitalization stands at $8.77B. The recent change has given its price a 8.16% lead over SMA 50 and -6.89% deficit over its 52-week high. The stock witnessed 12.71% gains, 11.89% gains and 31.36% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found M’s volatility during a week at 3.24% and during a month it has been found around 3.81%.

Macy’s, Inc. (M) Top Holders

Institutional investors currently hold around $7.69 billion or 91.9% in M stock. Look at its top three institutional owners. Vanguard Group Inc owns $902.9 million in Macy’s, Inc., which represents roughly 10.3% of the company’s market cap and approximately 11.74% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 25,206,616 shares of the stock are valued at $728.47 million. The third largest holder is American International Group Inc, which currently holds $691.39 million worth of this stock and that ownership represents nearly 7.88% of its market capitalization.

Macy’s, Inc. 13F Filings

At the end of 12/31/2017 reporting period, 302 institutional holders increased their position in Macy’s, Inc. (NYSE:M) by some 48,011,394 shares, 284 decreased positions by 37,236,777 and 76 held positions by 180,918,382. That puts total institutional holdings at 266,166,553 shares, according to SEC filings. The stock grabbed 133 new institutional investments totaling 12,858,164 shares while 68 institutional investors sold out their entire positions totaling 9,044,113 shares.

Macy’s, Inc. (NYSE:M) Insider Trades

Multiple company employees have indulged in significant insider trading. Macy’s, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Connelly Deirdre P has sold 9,092 shares of Macy’s, Inc. (M) in trading session dated Mar. 08, 2018. These shares are worth $265,941 and were traded at $29.25 each. The SEC filing shows that Roche Joyce M performed a sale of 8,345 shares. The Director disposed these shares by way of transaction on Mar. 02, 2018. The company’s shares were given away at $30.38 per share worth to an income of some $253,521 on account of Roche Joyce M.

Director, Whittington Marna C, sold 20,000 common shares of Macy’s, Inc. (M) in the open market. In a transaction dated Mar. 02, 2018, the shares were put up for sale at an average price of $30.3, raking in a sum of $606,000. After this sale, 44,834 common shares of M are directly owned by the insider, with total stake valued at $1,295,703.

In the transaction dated Mar. 02, 2018, the great number of shares disposed came courtesy the EVP,Controller/Enterprise Risk; Williams Felicia disposed a total of 10,000 shares at an average price of $29.42, amounting to approximately $294,200. The insider now directly owns shares worth $.

Macy’s, Inc. (M) Analyst Guide

Several analysts have released their opinion on Macy’s, Inc. (NYSE:M), with 1 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 3 average brokerage recommendation.