Inside Stories

What Is Insider Trading Activity Like At Macy’s, Inc. (M)?

Macy’s, Inc. (NYSE:M) has seen its stock price gain 16.48, or -46.02%, so far in 2017. In the past 3-month period alone, shares of M have appreciated -1.29 – or -6.26%. The stock’s 52-week range is $17.41 to $45.41, and its 3-month range is $17.41 to $22.87.

The average Wall Street analyst rating for Macy’s, Inc. is Hold, according to the average of 12 analyst scores. Of those analysts, 2 rate stock as a Strong Buy, 9 rate it as Hold, and just no analyst rates it as a Moderate Sell.

Insider Trading Activity for Macy’s, Inc.

Taking a look at insider trading at Macy’s, Inc. (NYSE:M) can give useful insight into how the stock is performing. Macy’s, Inc. has had 2 insider trades in the last 3 months, including 2 open market buys and 0 sells. Of those insider trades, 19,825 shares of Macy’s, Inc. were purchased and 0 shares were sold. The total number of shares traded in the last 90-day period is 19,825.

Insider trading over the last 12 months, however, paints a different picture. In the last year there have been a total of 11 insider trades, including 5 open market buys and 6 sells. Of those transactions, there were 37,330 shares of M bought and 29,074 shares sold. The total number of shares traded in the last 12 months is 66,404.

The most recent open market insider trade was Buy of 9,825 shares on a day where the closing price was 20.32. The insider, BRYANT JOHN A, now holds 9,825 shares of M.

The most recent non open market insider trade was completed by LUNDGREN TERRY J on 02/24/2017, and was a disposition of 310 shares with a final price of $0. The insider now holds 284,760 shares of Macy’s, Inc. (M).

Examining Institutional Ownership at Macy’s, Inc. (NYSE:M)

According to Macy’s, Inc.’s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 85.27%. The total amount of shares outstanding is 305.50 million, giving the company a market capitalization of about 5.91 billion.

There are 609 institutional holders with active positions, accounting for 259.74 million shares in total. Of those holders, 272 had increased positions amounting to 34.28 million shares, 266 had decreased positions amounting to 31.09 million shares, and 71 holders have a held position accounting for 194.37 million shares.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 30.61 million shares, BLACKROCK INC. with 25.38 million shares, STATE STREET CORP with 14.39 million shares, AMERICAN INTERNATIONAL GROUP INC with 12.03 million shares, and BANK OF NEW YORK MELLON CORP with 8.33 million shares.

According to Macy’s, Inc. (M) most recent 13F filing, the company has 69 new institutional holders – accounting for 7.85 million shares of its common stock. There were 75 sold out positions, amounting to 4.96 million shares.

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