Bank of New York Mellon Corp Has $52.71 Million Stock Position in Macy’s, Inc. $M

Bank of New York Mellon Corp raised its holdings in Macy’s, Inc. (NYSE:M) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,913,622 shares of the company’s stock after purchasing an additional 287,521 shares during the quarter. Bank of New York Mellon Corp’s holdings in Macy’s were worth $52,707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Strengthening Families & Communities LLC bought a new stake in shares of Macy’s during the 4th quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in Macy’s during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Macy’s by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the company’s stock worth $34,000 after acquiring an additional 526 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Macy’s by 35.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,838 shares of the company’s stock valued at $41,000 after purchasing an additional 486 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Macy’s by 7,265.6% in the 4th quarter. CoreCap Advisors LLC now owns 2,357 shares of the company’s stock valued at $52,000 after purchasing an additional 2,325 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on M shares. Zacks Research upgraded shares of Macy’s from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup increased their price target on Macy’s from $18.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, June 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Macy’s in a report on Wednesday, July 8th. Evercore set a $22.00 price objective on Macy’s in a research report on Thursday, June 4th. Finally, UBS Group reaffirmed a “sell” rating on shares of Macy’s in a report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.70.

Macy’s Price Performance

Shares of NYSE:M opened at $23.32 on Friday. The firm has a market cap of $6.13 billion, a PE ratio of 9.64 and a beta of 1.46. Macy’s, Inc. has a 52 week low of $11.77 and a 52 week high of $26.10. The firm’s fifty day moving average is $22.92 and its 200-day moving average is $20.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48.

Macy’s (NYSE:M) last announced its earnings results on Wednesday, June 3rd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.61 billion. During the same period in the previous year, the business earned $0.16 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Sell-side analysts predict that Macy’s, Inc. will post 2.19 earnings per share for the current year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, June 15th. Macy’s’s dividend payout ratio is currently 31.40%.

Insider Buying and Selling

In other Macy’s news, EVP Thomas Jr. Edwards sold 16,419 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the transaction, the executive vice president owned 20,000 shares in the company, valued at approximately $497,800. This trade represents a 45.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Paul Griscom sold 10,077 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the completion of the sale, the senior vice president directly owned 25,373 shares in the company, valued at approximately $650,309.99. This represents a 28.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.05% of the company’s stock.

Macy’s Company Profile

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.