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

June 27, 2018 - By Sarah Holford

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

In Macy S Inc (M) was decreased the holdings owned by American International Group Inc. The reduction is 1.01% according to 2018Q1 SEC form. 242,326 shares were sold by American International Group Inc as the company’s stock rose 24.34% while stock markets declined. At the end of 2018Q1, the institutional investor held 23.68 million shares of the department and specialty retail stores company, valued at $704.28M, down from 23.92 million at the end of the previous reported quarter. $11.63 billion is Macy S Inc’s market cap. M is touching $37.96 during the last trading session, after increased 0.26%.Currently Macy's, Inc. is uptrending after 46.10% change in last June 27, 2017. M has 2.75 million shares volume. M outperformed by 33.53% the S&P500.

About $28.66 billion US Long portfolio American International Group Inc manages. Its stake in Signet Jewelers Ltd (NYSE:SIG) was upped by 113,427 shares to 134,127 shares valued at $5.17M in 2018Q1, according to the filing. For a total of 257,806 shares it increased its holding in Express Scripts Holding Co (NASDAQ:ESRX) by 43,744 shares in the quarter, and has risen its stake in Ishares Msci Eafe Etf (EFA).

On August, 9 Macy's, Inc. (NYSE:M)’s earnings report is anticipated by WallStreet, Faxor reports. Analysts predict 2.08 % diference or $0.47 from the $0.48 EPS from 2017. This could hit $144.00M profit for M assuming the current $0.47 EPS will become reality. Last quarter $0.48 EPS was reported. Analysts predicts -2.08 % negative EPS growth this quarter.

Another two news for Macy's, Inc. (NYSE:M) were briefly brought out by: Seekingalpha.com on June 26, 2018 with title “Lovesac prices IPO at $16/share, above range”. The other Streetinsider.com‘s article was titled “Cleveland Research Assumes Macy’s (M) at Neutral, ‘Comps Trending Ahead of Consensus'” and brought out on June 27, 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 Thursday, March 1 the firm earned “Buy” rating by Gordon Haskett. On Monday, June 11 the stock of Macy's, Inc. (NYSE:M) earned “Hold” rating by CFRA. On Thursday, December 28 the firm earned “Market Perform” rating by Telsey Advisory Group. On Thursday, May 10 Morgan Stanley downgraded Macy's, Inc. (NYSE:M) to “Underweight” rating. On Tuesday, May 22 the stock has “Positive” rating by Susquehanna. On Tuesday, February 27 the firm has “Hold” rating given by Jefferies. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, February 28. On Monday, February 26 the stock has “Hold” rating by Deutsche Bank. The stock rating was downgraded by Atlantic Securities to “Neutral” on Wednesday, June 6. On Friday, January 19 the firm earned “Hold” rating by RBC Capital Markets.

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

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