Macy S INC (M) Shares Rose While American International Group INC Decreased Stake by $7.03 Million

June 27, 2018 - By Kevin Carney

Macy's, Inc. (NYSE:M) Corporate Logo

The stake In Macy S Inc (M) was reduced owned by American International Group Inc. According to 2018Q1 SEC form the reduction is 1.01%. The company’s stock popped up 24.34% while American International Group Inc sold 242,326 shares. At the end of 2018Q1, the 23.68M shares of the department and specialty retail stores company held by the institutional investor were priced at $704.28M, down from 23.92M at the end of the previous reported quarter. Macy S Inc has $11.63 billion market cap. The stock increased 0.26% or $0.1 during the last trading session, reaching $37.96.Currently Macy's, Inc. is uptrending after 46.10% change in last June 27, 2017. M has 2.75 million shares volume. M outperformed the S&P 500 by 33.53%.

About $28.66B US Long portfolio American International Group Inc manages. Its stake in Allete Inc (NYSE:ALE) was rose by 92,747 shares to 133,407 shares valued at $9.64M in 2018Q1, according to the filing. American International Group Inc has risen its stake in Boyd Gaming Corp (NYSE:BYD) and also increased its holding in Interactive Brokers Gro Cl A (NASDAQ:IBKR) by 132,809 shares in the quarter, for a total of 142,940 shares.

Earnings report for Macy's, Inc. (NYSE:M) is anticipated on August, 9., Faxor reports. Last year’s EPS was $0.48, while now analysts expect change of 2.08 % down from current $0.47 EPS. In case of $0.47 EPS M’s profit could be $144.00M. -2.08 % negative EPS growth is what analysts predict. $0.48 EPS was reported for previous quarter.

Another two news for Macy's, Inc. (NYSE:M) were recently posted by: Streetinsider.com on June 27, 2018 with title “Cleveland Research Assumes Macy’s (M) at Neutral, ‘Comps Trending Ahead of Consensus'”. The other Seekingalpha.com‘s article was titled “Lovesac prices IPO at $16/share, above range” and posted on June 26, 2018.

Macy's, Inc. (NYSE:M) Ratings Coverage

Total analysts of 13 have positions in Macy’s Inc. (NYSE:M) as follows: 3 rated it a “Buy”, 1 with “Sell” and 9 with “Hold”. The positive are 23%. The firm has $43 highest while $26.0 is the lowest price target. The average target $34 is -10.43% below the last ($37.96) price. Since December 28, 2017 according to StockzIntelligence Inc Macy’s Inc. has 17 analyst reports. On Tuesday, February 27 Jefferies maintained the shares of M in report with “Hold” rating. On Thursday, December 28 the stock has “Market Perform” rating by Telsey Advisory Group. On Thursday, March 1 BMO Capital Markets maintained Macy's, Inc. (NYSE:M) with “Outperform” rating. On Wednesday, June 6 the stock of Macy's, Inc. (NYSE:M) earned “Neutral” rating by Atlantic Securities. On Friday, January 19 the company was maintained by RBC Capital Markets. On Monday, February 26 the rating was maintained by Deutsche Bank with “Hold”. On Thursday, May 10 the stock of Macy's, Inc. (NYSE:M) has “Underweight” rating given by Morgan Stanley. On Thursday, March 1 the stock of Macy's, Inc. (NYSE:M) earned “Buy” rating by Gordon Haskett. On Wednesday, February 28 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Monday, June 11 the firm has “Hold” rating by CFRA given.

Macy's, Inc. (NYSE:M) Institutional Investors Chart

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