Alta Fundamental Advisers LLC decreased its holdings in Macy's Inc (NYSE:M) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 524,700 shares of the company’s stock after selling 2,800 shares during the quarter. Macy's accounts for approximately 8.1% of Alta Fundamental Advisers LLC’s holdings, making the stock its 3rd biggest position. Alta Fundamental Advisers LLC owned approximately 0.17% of Macy's worth $13,217,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of M. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in Macy's in the 4th quarter worth about $104,000. Delpha Capital Management LLC purchased a new position in Macy's in the 4th quarter worth about $117,000. SeaCrest Wealth Management LLC purchased a new position in Macy's in the 4th quarter worth about $119,000. Cerebellum GP LLC purchased a new position in Macy's in the 4th quarter worth about $127,000. Finally, Enterprise Financial Services Corp raised its position in Macy's by 102.4% in the 4th quarter. Enterprise Financial Services Corp now owns 5,348 shares of the company’s stock worth $135,000 after buying an additional 2,706 shares during the last quarter. 86.95% of the stock is owned by institutional investors and hedge funds.
In related news, Director Marna C. Whittington sold 20,000 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $30.30, for a total transaction of $606,000.00. Following the sale, the director now owns 54,834 shares in the company, valued at approximately $1,661,470.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Karen M. Hoguet sold 67,515 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $29.39, for a total value of $1,984,265.85. Following the sale, the chief financial officer now owns 67,515 shares in the company, valued at approximately $1,984,265.85. The disclosure for this sale can be found here. Insiders have sold a total of 106,607 shares of company stock worth $3,150,407 in the last 90 days. 1.40% of the stock is currently owned by insiders.
Shares of Macy's Inc (M) opened at $28.76 on Tuesday. The stock has a market capitalization of $8,760.00, a P/E ratio of 9.04, a PEG ratio of 0.94 and a beta of 0.79. Macy's Inc has a twelve month low of $17.41 and a twelve month high of $31.75. The company has a current ratio of 1.47, a quick ratio of 0.45 and a debt-to-equity ratio of 1.04.
Macy's (NYSE:M) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.71 by $0.11. The business had revenue of $8.67 billion for the quarter, compared to analysts’ expectations of $8.70 billion. Macy's had a return on equity of 24.93% and a net margin of 6.23%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 EPS. equities research analysts predict that Macy's Inc will post 3.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.3775 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.51 annualized dividend and a yield of 5.25%. Macy's’s payout ratio is presently 47.48%.
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Macy's Company Profile
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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