Hedge Funds Lick Wounds: Macy’s, Inc. (M)

Macy’s, Inc. (NYSE:M) went up to recover about 117.98% since recording its record low price of $17.41. The stock experienced -4.51% slump, arriving at $37.94 on 08/01/2018. During the day, the stock price traveled from $37.835 to $39.74. This company shares are -6.54% up from its target price of $35.46 and the current market capitalization stands at $11.83B. The recent change has given its price a 0.85% lead over SMA 50 and -8.2% deficit over its 52-week high. The stock witnessed 3.83% gains, 21.06% gains and 46.2% 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 3.06% and during a month it has been found around 2.77%.

Macy’s, Inc. (M) Top Holders

Institutional investors currently hold around $10.87 billion or 92.6% in M stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.25 billion in Macy’s, Inc., which represents roughly 10.59% of the company’s market cap and approximately 11.53% 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 $1.11 billion. The third largest holder is American International Group Inc, which currently holds $940.86 million worth of this stock and that ownership represents nearly 7.95% of its market capitalization.

Macy’s, Inc. 13F Filings

At the end of March reporting period, 287 institutional holders increased their position in Macy’s, Inc. (NYSE:M) by some 40,431,079 shares, 307 decreased positions by 29,272,931 and 95 held positions by 203,757,673. That puts total institutional holdings at 273,461,683 shares, according to SEC filings. The stock grabbed 101 new institutional investments totaling 12,589,895 shares while 75 institutional investors sold out their entire positions totaling 6,878,560 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 $269,070.

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 $138,367.

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 9 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.