Corient Private Wealth LP Reduces Holdings in Macy's, Inc. $M

Key Points

• Corient Private Wealth LP cut its Macy’s stake by 55.3% in the second quarter, selling 145,007 shares and retaining 117,251 shares valued at approximately $2.76 million. Institutional investors and hedge funds collectively own 87.36% of the company.
• Macy’s executives sold shares in June, including sales by SVP Paul Griscom and EVP Thomas Edwards Jr.; Edwards’ transaction was made to cover tax withholding obligations tied to vested equity awards.
• Analysts maintain an overall “Hold” rating with an average price target of $22.78. Macy’s recently exceeded quarterly earnings expectations, reported $5.06 billion in revenue, and declared a $0.1915 quarterly dividend yielding about 3.5% annually.

Corient Private Wealth LP lowered its position in shares of Macy's, Inc. (NYSE:M - Free Report) by 55.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,251 shares of the company's stock after selling 145,007 shares during the period. Corient Private Wealth LP's holdings in Macy's were worth $2,761,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in M. Versant Capital Management Inc increased its position in Macy's by 11.2% during the second quarter. Versant Capital Management Inc now owns 4,783 shares of the company's stock worth $113,000 after buying an additional 483 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Macy's by 7.4% in the second quarter. GAMMA Investing LLC now owns 9,665 shares of the company's stock valued at $228,000 after acquiring an additional 664 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Macy's by 28.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,059 shares of the company's stock worth $72,000 after acquiring an additional 671 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Macy's by 0.7% during the second quarter. HB Wealth Management LLC now owns 106,499 shares of the company's stock worth $2,508,000 after acquiring an additional 756 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Macy's by 60.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,099 shares of the company's stock valued at $68,000 after acquiring an additional 1,170 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Macy's news, SVP Paul Griscom sold 10,077 shares of the company's stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $25.63, for a total transaction of $258,273.51. Following the transaction, the senior vice president directly owned 25,373 shares in the company, valued at approximately $650,309.99. This represents a 28.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas Edwards, Jr. sold 16,419 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $24.89, for a total transaction of $408,668.91. Following the completion of the transaction, the executive vice president directly owned 20,000 shares of the company's stock, valued at approximately $497,800. This trade represents a 45.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Citigroup upped their price target on shares of Macy's from $22.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. lifted their price objective on shares of Macy's from $21.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, June 4th. Wall Street Zen raised shares of Macy's from a "hold" rating to a "buy" rating in a report on Sunday. UBS Group reiterated a "sell" rating on shares of Macy's in a research note on Thursday. Finally, Evercore set a $22.00 price target on Macy's in a report on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Macy's currently has an average rating of "Hold" and an average price target of $22.78.

Macy's Stock Up 1.0%

Macy's stock opened at $22.16 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.59 and a quick ratio of 0.48. Macy's, Inc. has a 1-year low of $16.41 and a 1-year high of $26.58. The company has a market cap of $5.79 billion, a PE ratio of 8.12 and a beta of 1.41. The stock's 50 day moving average price is $23.36 and its 200 day moving average price is $21.53.

Macy's (NYSE:M - Get Free Report) last announced its quarterly earnings data on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.26. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.81 billion. Macy's had a return on equity of 13.21% and a net margin of 3.29%.Macy's's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. Macy's has set its Q3 2026 guidance at -0.230--0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. On average, sell-side analysts predict that Macy's, Inc. will post 2.34 EPS for the current fiscal year.

Macy's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.1915 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.77 annualized dividend and a dividend yield of 3.5%. Macy's's dividend payout ratio (DPR) is 28.21%.

About Macy's

Macy's, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy's, Bloomingdale's and Bluemercury. Macy's serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale's offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.

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