Hedge Funds Now Own 93% Of Macy’s, Inc. (M)

Macy’s, Inc. (NYSE:M) has made a 109.48% comeback from a 12-month low price of $17.41. It was seen -1.17% lower, changing the price to $36.46, when the closing bell rang on 07/09/2018. At recent session, the prices were hovering between $36.205 and $37.468. This company shares are -4.42% up from its target price of $34.85 and the current market capitalization stands at $11.24B. The recent change has given its price a 3.53% lead over SMA 50 and -11.78% deficit over its 52-week high. The stock witnessed -9.33% declines, 25.08% gains and 48.94% 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 2.83% and during a month it has been found around 3.03%.

Macy’s, Inc. (M) Top Holders

Institutional investors currently hold around $10.14 billion or 93% in M stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.16 billion in Macy’s, Inc., which represents roughly 10.34% of the company’s market cap and approximately 11.47% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 27,873,644 shares of the stock are valued at $1.03 billion. The third largest holder is American International Group Inc, which currently holds $873.6 million worth of this stock and that ownership represents nearly 7.77% of its market capitalization.

Macy’s, Inc. 13F Filings

At the end of March reporting period, 277 institutional holders increased their position in Macy’s, Inc. (NYSE:M) by some 40,981,294 shares, 306 decreased positions by 31,980,116 and 95 held positions by 201,876,304. That puts total institutional holdings at 274,837,714 shares, according to SEC filings. The stock grabbed 89 new institutional investments totaling 12,753,396 shares while 74 institutional investors sold out their entire positions totaling 9,026,486 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 Chairman and CEO Gennette Jeffrey has acquired 10,000 shares of Macy’s, Inc. (M) in trading session dated Apr. 12, 2018. These shares are worth $291,000 and were traded at $29.1 each. The SEC filing shows that Williams Felicia performed a sale of 785 shares. The EVP,Controller/Enterprise Risk disposed these shares by way of transaction on Mar. 28, 2018. The company’s shares were given away at $28.99 per share worth to an income of some $22,757 on account of Williams Felicia.

Director, Connelly Deirdre P, sold 9,092 common shares of Macy’s, Inc. (M) in the open market. In a transaction dated Mar. 08, 2018, the shares were put up for sale at an average price of $29.25, raking in a sum of $265,941. After this sale, 7,092 common shares of M are directly owned by the insider, with total stake valued at $258,574.

In the transaction dated Mar. 02, 2018, the great number of shares disposed came courtesy the Director; Roche Joyce M disposed a total of 8,345 shares at an average price of $30.38, amounting to approximately $253,521. The insider now directly owns 3,647 shares worth $132,970.

Macy’s, Inc. (M) Analyst Guide

Several analysts have released their opinion on Macy’s, Inc. (NYSE:M), with 2 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 2 strong sell ratings, collectively assigning a 3 average brokerage recommendation.