Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Macy's Inc (NYSE:M) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,490 shares of the company’s stock after purchasing an additional 11,407 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Macy's were worth $1,431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SeaCrest Wealth Management LLC purchased a new stake in shares of Macy's in the fourth quarter valued at $119,000. Cerebellum GP LLC purchased a new stake in shares of Macy's in the fourth quarter valued at $127,000. Enterprise Financial Services Corp lifted its position in shares of Macy's by 102.4% in the fourth quarter. Enterprise Financial Services Corp now owns 5,348 shares of the company’s stock valued at $135,000 after acquiring an additional 2,706 shares in the last quarter. Kistler Tiffany Companies LLC purchased a new stake in shares of Macy's in the third quarter valued at $148,000. Finally, IFP Advisors Inc lifted its position in shares of Macy's by 62.9% in the third quarter. IFP Advisors Inc now owns 7,981 shares of the company’s stock valued at $174,000 after acquiring an additional 3,083 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Several analysts have recently issued reports on the company. ValuEngine downgraded Macy's from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada set a $26.00 price objective on Macy's and gave the company a “hold” rating in a research report on Friday, January 19th. Zacks Investment Research upgraded Macy's from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, January 10th. BMO Capital Markets set a $38.00 price objective on Macy's and gave the company a “buy” rating in a research report on Friday, January 5th. Finally, Vetr upgraded Macy's from a “buy” rating to a “strong-buy” rating and set a $29.84 price objective on the stock in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Macy's has an average rating of “Hold” and a consensus price target of $26.07.

Macy's Inc (NYSE:M) opened at $24.19 on Tuesday. The company has a market capitalization of $7,355.28, a price-to-earnings ratio of 8.13, a P/E/G ratio of 1.01 and a beta of 0.98. Macy's Inc has a 12 month low of $17.41 and a 12 month high of $33.73. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.29 and a quick ratio of 0.19.

COPYRIGHT VIOLATION WARNING: This story was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://theolympiareport.com/2018/02/13/macys-inc-m-shares-bought-by-mitsubishi-ufj-kokusai-asset-management-co-ltd.html.

About Macy's

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.

Want to see what other hedge funds are holding M? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macy's Inc (NYSE:M).

Institutional Ownership by Quarter for Macy's (NYSE:M)

Receive News & Ratings for Macy's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macy's and related companies with MarketBeat.com's FREE daily email newsletter.