Mutual of America Capital Management LLC Has $2.34 Million Stock Position in Macy’s, Inc. (NYSE:M)

Mutual of America Capital Management LLC reduced its holdings in Macy’s, Inc. (NYSE:M) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 149,387 shares of the company’s stock after selling 8,154 shares during the period. Mutual of America Capital Management LLC’s holdings in Macy’s were worth $2,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of M. Marshall Wace LLP raised its stake in Macy’s by 1,539.5% during the second quarter. Marshall Wace LLP now owns 3,534,952 shares of the company’s stock worth $67,871,000 after acquiring an additional 3,319,337 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Macy’s by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 15,489,334 shares of the company’s stock worth $297,385,000 after purchasing an additional 1,379,476 shares during the last quarter. American Century Companies Inc. grew its holdings in Macy’s by 18.9% during the 2nd quarter. American Century Companies Inc. now owns 4,704,854 shares of the company’s stock worth $90,333,000 after acquiring an additional 747,542 shares during the period. Alden Global Capital LLC lifted its stake in shares of Macy’s by 56.1% in the 2nd quarter. Alden Global Capital LLC now owns 606,741 shares of the company’s stock valued at $11,649,000 after purchasing an additional 218,146 shares during the period. Finally, Ensign Peak Advisors Inc boosted its position in shares of Macy’s by 167.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 271,962 shares of the company’s stock worth $5,222,000 after purchasing an additional 170,115 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Macy’s Stock Up 8.2 %

NYSE:M opened at $16.30 on Monday. Macy’s, Inc. has a one year low of $14.06 and a one year high of $22.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.48 and a quick ratio of 0.34. The company has a market cap of $4.52 billion, a PE ratio of 25.47 and a beta of 2.11. The firm’s 50 day simple moving average is $15.45 and its 200 day simple moving average is $16.81.

Macy’s Announces Dividend

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

Analyst Ratings Changes

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

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.