Macy’s, Inc. (NYSE:M) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Macy’s, Inc. (NYSE:M) by 5.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,387 shares of the company’s stock after selling 8,154 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Macy’s worth $2,344,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in M. Empowered Funds LLC lifted its stake in shares of Macy’s by 94.4% in the 3rd quarter. Empowered Funds LLC now owns 54,704 shares of the company’s stock valued at $858,000 after purchasing an additional 26,557 shares in the last quarter. Royce & Associates LP raised its stake in shares of Macy’s by 5.2% in the 3rd quarter. Royce & Associates LP now owns 1,420,000 shares of the company’s stock valued at $22,280,000 after acquiring an additional 70,000 shares during the period. Impax Asset Management Group plc raised its stake in shares of Macy’s by 55.0% in the 3rd quarter. Impax Asset Management Group plc now owns 63,544 shares of the company’s stock valued at $997,000 after acquiring an additional 22,544 shares during the period. Huntington National Bank lifted its holdings in shares of Macy’s by 937.4% during the 3rd quarter. Huntington National Bank now owns 4,637 shares of the company’s stock valued at $73,000 after acquiring an additional 4,190 shares in the last quarter. Finally, KBC Group NV boosted its position in Macy’s by 19.9% during the 3rd quarter. KBC Group NV now owns 7,952 shares of the company’s stock worth $125,000 after purchasing an additional 1,319 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on M. Morgan Stanley lowered their target price on Macy’s from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Argus raised Macy’s to a “hold” rating in a research report on Thursday, October 10th. Telsey Advisory Group reissued a “market perform” rating and set a $21.00 price objective on shares of Macy’s in a report on Wednesday, August 21st. Finally, StockNews.com started coverage on Macy’s in a research note on Sunday, November 10th. They set a “hold” rating on the stock. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Macy’s has a consensus rating of “Hold” and a consensus target price of $20.43.

Macy’s Trading Up 8.2 %

NYSE M opened at $16.30 on Monday. The firm’s fifty day simple moving average is $15.45 and its 200-day simple moving average is $16.81. The company has a current ratio of 1.48, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. Macy’s, Inc. has a 1-year low of $14.06 and a 1-year high of $22.10. The company has a market capitalization of $4.52 billion, a PE ratio of 25.47 and a beta of 2.11.

Macy’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.1737 per share. The ex-dividend date is Friday, December 13th. This represents a $0.69 annualized dividend and a dividend yield of 4.26%. Macy’s’s dividend payout ratio is 107.81%.

Macy’s Company Profile

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.