Whittier Trust Co. of Nevada Inc. cut its stake in shares of Macy's Inc (NYSE:M) by 31.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,865 shares of the company’s stock after selling 2,731 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Macy's were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of M. Bank of New York Mellon Corp raised its position in Macy's by 14.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,325,701 shares of the company’s stock valued at $181,666,000 after purchasing an additional 1,076,502 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Macy's by 30.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,969,989 shares of the company’s stock valued at $152,091,000 after purchasing an additional 1,646,858 shares during the last quarter. Prudential Financial Inc. raised its position in Macy's by 75.3% during the 3rd quarter. Prudential Financial Inc. now owns 5,013,391 shares of the company’s stock valued at $109,392,000 after purchasing an additional 2,153,110 shares during the last quarter. LSV Asset Management raised its position in Macy's by 3.8% during the 4th quarter. LSV Asset Management now owns 3,916,854 shares of the company’s stock valued at $98,665,000 after purchasing an additional 144,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Macy's by 22.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,696,773 shares of the company’s stock valued at $67,932,000 after purchasing an additional 497,496 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Macy's Inc (NYSE M) opened at $24.63 on Wednesday. Macy's Inc has a 52-week low of $17.41 and a 52-week high of $33.73. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.19 and a current ratio of 1.29. The firm has a market capitalization of $7,367.46, a P/E ratio of 10.84, a P/E/G ratio of 1.02 and a beta of 0.98.

A number of research analysts have commented on the company. Guggenheim reaffirmed a “buy” rating and set a $27.00 price target on shares of Macy's in a research report on Friday, December 15th. BMO Capital Markets set a $35.00 price target on Macy's and gave the company a “buy” rating in a research report on Sunday, November 12th. Royal Bank of Canada set a $21.00 price target on Macy's and gave the company a “sector perform” rating in a research report on Friday, October 20th. ValuEngine lowered Macy's from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Vetr raised Macy's from a “buy” rating to a “strong-buy” rating and set a $29.84 price target for the company in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Macy's has an average rating of “Hold” and a consensus target price of $26.07.

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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.

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

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