Macy’s, Inc. (NYSE:M) Stock Position Reduced by Qsemble Capital Management LP

Qsemble Capital Management LP decreased its stake in Macy’s, Inc. (NYSE:M) by 25.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,293 shares of the company’s stock after selling 21,601 shares during the quarter. Qsemble Capital Management LP’s holdings in Macy’s were worth $977,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Quest Partners LLC acquired a new position in Macy’s during the third quarter worth $35,000. Venturi Wealth Management LLC increased its holdings in shares of Macy’s by 282.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,281 shares of the company’s stock valued at $36,000 after acquiring an additional 1,685 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Macy’s in the 3rd quarter worth approximately $39,000. Abich Financial Wealth Management LLC acquired a new position in Macy’s during the second quarter valued at approximately $57,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Macy’s in the second quarter valued at approximately $62,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com started coverage on shares of Macy’s in a report on Sunday, November 10th. They set a “hold” rating for the company. Argus upgraded shares of Macy’s to a “hold” rating in a research note on Thursday, October 10th. Morgan Stanley cut their target price on shares of Macy’s from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $17.00 price target on shares of Macy’s in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.86.

Macy’s Trading Down 0.3 %

M stock opened at $15.89 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 1.48 and a debt-to-equity ratio of 0.70. Macy’s, Inc. has a twelve month low of $14.06 and a twelve month high of $22.10. The company has a market cap of $4.41 billion, a P/E ratio of 24.83 and a beta of 2.11. The business has a fifty day moving average of $15.47 and a 200-day moving average of $16.79.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.1737 dividend. This represents a $0.69 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Friday, December 13th. Macy’s’s dividend payout ratio (DPR) is presently 107.81%.

Macy’s 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.