Wedbush Securities Inc. Has $3.14 Million Holdings in QUALCOMM, Inc. (NASDAQ:QCOM)

Wedbush Securities Inc. grew its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 29.2% in the 4th quarter, according to its most recent filing with the …

Wedbush Securities Inc. grew its stake in QUALCOMM, Inc. (NASDAQ:QCOM) by 29.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,240 shares of the wireless technology company’s stock after buying an additional 12,484 shares during the quarter. Wedbush Securities Inc.’s holdings in QUALCOMM were worth $3,144,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV grew its holdings in QUALCOMM by 214.4% during the fourth quarter. KBC Group NV now owns 874,671 shares of the wireless technology company’s stock worth $49,777,000 after acquiring an additional 596,498 shares during the period. Miles Capital Inc. grew its holdings in QUALCOMM by 14.9% during the fourth quarter. Miles Capital Inc. now owns 16,863 shares of the wireless technology company’s stock worth $960,000 after acquiring an additional 2,188 shares during the period. First Manhattan Co. grew its holdings in QUALCOMM by 67.8% during the fourth quarter. First Manhattan Co. now owns 23,331 shares of the wireless technology company’s stock worth $1,327,000 after acquiring an additional 9,425 shares during the period. MAI Capital Management grew its holdings in QUALCOMM by 0.5% during the fourth quarter. MAI Capital Management now owns 240,770 shares of the wireless technology company’s stock worth $13,702,000 after acquiring an additional 1,212 shares during the period. Finally, Slow Capital Inc. grew its holdings in QUALCOMM by 24.9% during the fourth quarter. Slow Capital Inc. now owns 29,551 shares of the wireless technology company’s stock worth $1,682,000 after acquiring an additional 5,891 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

In related news, EVP Donald J. Rosenberg sold 9,048 shares of the firm’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $58.01, for a total value of $524,874.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Cristiano R. Amon sold 18,323 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $60.23, for a total value of $1,103,594.29. The disclosure for this sale can be found here. In the last three months, insiders sold 73,668 shares of company stock worth $4,006,189. Company insiders own 0.11% of the company’s stock.

NASDAQ:QCOM traded down $0.44 during trading hours on Thursday, reaching $51.15. 4,064,363 shares of the stock were exchanged, compared to its average volume of 16,505,693. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 4.25. QUALCOMM, Inc. has a 52 week low of $48.56 and a 52 week high of $76.50. The company has a market cap of $62.52 billion, a PE ratio of 16.04, a P/E/G ratio of 1.58 and a beta of 1.17.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, January 30th. The wireless technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.11. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.89 billion. QUALCOMM had a return on equity of 36.66% and a net margin of 10.03%. QUALCOMM’s quarterly revenue was down 21.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. As a group, sell-side analysts expect that QUALCOMM, Inc. will post 3.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Wednesday, March 6th. QUALCOMM’s dividend payout ratio (DPR) is 77.74%.

A number of research firms have commented on QCOM. BMO Capital Markets reiterated a “market perform” rating on shares of QUALCOMM in a research report on Thursday, January 31st. Cowen reiterated an “outperform” rating and set a $70.00 target price (down from $73.00) on shares of QUALCOMM in a research report on Thursday, January 31st. Deutsche Bank reduced their price objective on QUALCOMM to $65.00 and set a “hold” rating on the stock in a research report on Thursday, November 8th. Evercore ISI restated an “in-line” rating and issued a $60.00 price objective (down from $68.00) on shares of QUALCOMM in a research report on Monday, January 14th. Finally, Bank of America reduced their price objective on QUALCOMM from $70.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, November 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company’s stock. QUALCOMM currently has a consensus rating of “Hold” and a consensus target price of $66.00.

QUALCOMM Company Profile

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Wedbush Securities Inc. Has $1.32 Million Stake in Duke Energy Corp (NYSE:DUK)

Wedbush Securities Inc. boosted its holdings in Duke Energy Corp (NYSE:DUK) by 3.9% in the fourth quarter, according to the company in its most …

Duke Energy logoWedbush Securities Inc. boosted its holdings in Duke Energy Corp (NYSE:DUK) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,286 shares of the utilities provider’s stock after purchasing an additional 568 shares during the quarter. Wedbush Securities Inc.’s holdings in Duke Energy were worth $1,319,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DUK. Morgan Stanley increased its position in shares of Duke Energy by 13.8% in the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock worth $303,498,000 after acquiring an additional 460,092 shares in the last quarter. Union Bankshares Corp boosted its stake in shares of Duke Energy by 43.4% in the fourth quarter. Union Bankshares Corp now owns 8,386 shares of the utilities provider’s stock valued at $724,000 after purchasing an additional 2,536 shares during the period. Putnam Investments LLC boosted its stake in shares of Duke Energy by 0.9% in the third quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock valued at $20,737,000 after purchasing an additional 2,344 shares during the period. First National Bank of Omaha boosted its stake in shares of Duke Energy by 0.8% in the fourth quarter. First National Bank of Omaha now owns 54,166 shares of the utilities provider’s stock valued at $4,675,000 after purchasing an additional 430 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Duke Energy by 207.9% in the third quarter. Thrivent Financial for Lutherans now owns 109,460 shares of the utilities provider’s stock valued at $8,759,000 after purchasing an additional 73,915 shares during the period. 60.33% of the stock is owned by hedge funds and other institutional investors.

NYSE:DUK traded down $1.26 during trading hours on Thursday, reaching $88.33. 142,316 shares of the stock were exchanged, compared to its average volume of 3,091,870. Duke Energy Corp has a twelve month low of $71.96 and a twelve month high of $91.35. The company has a quick ratio of 0.46, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The company has a market cap of $63.87 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 3.65 and a beta of 0.06.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.05). Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same period last year, the company earned $0.94 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Duke Energy Corp will post 4.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be paid a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Thursday, February 14th. Duke Energy’s dividend payout ratio is currently 81.18%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research note on Wednesday, December 12th. Morgan Stanley increased their target price on shares of Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Barclays increased their price objective on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $85.21.

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Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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Wedbush Securities Inc. Has $489000 Holdings in Anthem Inc (NYSE:ANTM)

Several other hedge funds have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd raised its holdings in Anthem by …

Anthem logoWedbush Securities Inc. lowered its position in shares of Anthem Inc (NYSE:ANTM) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,861 shares of the company’s stock after selling 137 shares during the quarter. Wedbush Securities Inc.’s holdings in Anthem were worth $489,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. WINTON GROUP Ltd raised its holdings in Anthem by 138.2% during the third quarter. WINTON GROUP Ltd now owns 80,291 shares of the company’s stock worth $22,004,000 after acquiring an additional 46,590 shares in the last quarter. Visionary Asset Management Inc. bought a new stake in Anthem in the third quarter valued at approximately $223,000. Diligent Investors LLC bought a new stake in Anthem in the third quarter valued at approximately $200,000. Monument Capital Management bought a new stake in Anthem in the fourth quarter valued at approximately $1,886,000. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Anthem by 41.9% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 232,836 shares of the company’s stock valued at $61,149,000 after buying an additional 68,725 shares during the period. Institutional investors own 97.06% of the company’s stock.

Shares of ANTM traded up $0.32 during trading hours on Tuesday, reaching $302.49. The stock had a trading volume of 9,864 shares, compared to its average volume of 1,790,846. Anthem Inc has a 12 month low of $215.52 and a 12 month high of $311.60. The stock has a market capitalization of $78.69 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.54 and a current ratio of 1.56.

Anthem (NYSE:ANTM) last announced its quarterly earnings results on Wednesday, January 30th. The company reported $2.44 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.24. Anthem had a return on equity of 14.82% and a net margin of 4.07%. The company had revenue of $23.30 billion during the quarter, compared to analysts’ expectations of $23.27 billion. During the same period in the prior year, the company earned $1.29 EPS. Anthem’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts forecast that Anthem Inc will post 19.12 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be given a dividend of $0.80 per share. This is a positive change from Anthem’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, March 15th. Anthem’s dividend payout ratio (DPR) is currently 18.88%.

Several analysts have issued reports on ANTM shares. Cantor Fitzgerald restated a “buy” rating and issued a $275.00 price objective on shares of Anthem in a research note on Thursday, October 25th. Barclays reaffirmed an “overweight” rating and issued a $300.00 target price (up previously from $270.00) on shares of Anthem in a research report on Thursday, November 1st. BMO Capital Markets upped their target price on Anthem from $300.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, November 1st. Credit Suisse Group upped their target price on Anthem from $311.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Finally, Morgan Stanley upped their target price on Anthem from $368.00 to $372.00 and gave the company an “overweight” rating in a research report on Thursday, November 1st. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $329.93.

In other news, EVP Peter D. Haytaian sold 4,500 shares of Anthem stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $278.48, for a total value of $1,253,160.00. Following the completion of the transaction, the executive vice president now directly owns 47,006 shares of the company’s stock, valued at approximately $13,090,230.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter D. Haytaian sold 3,000 shares of Anthem stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $256.31, for a total value of $768,930.00. Following the completion of the transaction, the executive vice president now directly owns 42,206 shares of the company’s stock, valued at $10,817,819.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,400 shares of company stock valued at $6,545,411. 0.31% of the stock is owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Wedbush Securities Inc. Has $489,000 Holdings in Anthem Inc (NYSE:ANTM)” was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.fairfieldcurrent.com/news/2019/02/12/wedbush-securities-inc-sells-137-shares-of-anthem-inc-antm.html.

About Anthem

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets.

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Institutional Ownership by Quarter for Anthem (NYSE:ANTM)

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NV5 Global Inc (NVEE) Shares Sold by Wedbush Securities Inc.

The institutional investor owned 3,504 shares of the business services provider’s stock after selling 360 shares during the quarter. Wedbush Securities …

NV5 Global logoWedbush Securities Inc. lessened its position in shares of NV5 Global Inc (NASDAQ:NVEE) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,504 shares of the business services provider’s stock after selling 360 shares during the quarter. Wedbush Securities Inc.’s holdings in NV5 Global were worth $212,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of NV5 Global by 18.6% during the 3rd quarter. BlackRock Inc. now owns 667,348 shares of the business services provider’s stock worth $57,859,000 after buying an additional 104,447 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NV5 Global by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 521,018 shares of the business services provider’s stock valued at $45,171,000 after acquiring an additional 13,427 shares during the last quarter. Wells Fargo & Company MN raised its stake in NV5 Global by 1.4% in the third quarter. Wells Fargo & Company MN now owns 457,789 shares of the business services provider’s stock worth $39,691,000 after buying an additional 6,100 shares in the last quarter. Vanguard Group Inc. raised its stake in NV5 Global by 20.6% in the third quarter. Vanguard Group Inc. now owns 453,243 shares of the business services provider’s stock worth $39,297,000 after buying an additional 77,550 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of NV5 Global by 20.6% during the third quarter. Vanguard Group Inc now owns 453,243 shares of the business services provider’s stock valued at $39,297,000 after buying an additional 77,550 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

In other news, VP Donald C. Alford sold 7,000 shares of the stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $64.59, for a total value of $452,130.00. Following the completion of the transaction, the vice president now directly owns 47,016 shares in the company, valued at approximately $3,036,763.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Alexander A. Hockman sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $72.94, for a total value of $729,400.00. Following the transaction, the chief operating officer now directly owns 246,783 shares of the company’s stock, valued at $18,000,352.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,000 shares of company stock valued at $1,910,230. Insiders own 25.07% of the company’s stock.

NVEE opened at $73.23 on Friday. The stock has a market cap of $913.76 million, a PE ratio of 24.17, a PEG ratio of 0.98 and a beta of 1.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.45 and a quick ratio of 3.45. NV5 Global Inc has a fifty-two week low of $40.01 and a fifty-two week high of $96.70.

NV5 Global (NASDAQ:NVEE) last issued its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.02). The business had revenue of $104.19 million during the quarter, compared to the consensus estimate of $104.50 million. NV5 Global had a net margin of 7.74% and a return on equity of 15.59%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. On average, research analysts forecast that NV5 Global Inc will post 3.32 EPS for the current fiscal year.

NVEE has been the topic of a number of research reports. Maxim Group began coverage on shares of NV5 Global in a report on Tuesday, October 30th. They issued a “buy” rating and a $110.00 price target on the stock. Bank of America started coverage on shares of NV5 Global in a research report on Tuesday, November 13th. They set a “hold” rating and a $95.00 target price on the stock. BidaskClub downgraded shares of NV5 Global from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. ValuEngine cut shares of NV5 Global from a “hold” rating to a “sell” rating in a research report on Friday, December 21st. Finally, Zacks Investment Research raised shares of NV5 Global from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, January 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $92.57.

COPYRIGHT VIOLATION WARNING: This article was posted by Fairfield Current and is the property of of Fairfield Current. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/02/10/nv5-global-inc-nvee-shares-sold-by-wedbush-securities-inc.html.

About NV5 Global

NV5 Global, Inc provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. It operates through two segments, Infrastructure; and Building, Technology & Sciences.

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Institutional Ownership by Quarter for NV5 Global (NASDAQ:NVEE)

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Wedbush Securities Inc. Reduces Position in Macy’s Inc (M)

The fund owned 6,925 shares of the company’s stock after selling 4,510 shares during the period. Wedbush Securities Inc.’s holdings in Macy’s were …

Macy's logoWedbush Securities Inc. reduced its position in shares of Macy’s Inc (NYSE:M) by 39.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,925 shares of the company’s stock after selling 4,510 shares during the period. Wedbush Securities Inc.’s holdings in Macy’s were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in M. Private Capital Group LLC grew its position in Macy’s by 110.1% during the 4th quarter. Private Capital Group LLC now owns 1,002 shares of the company’s stock worth $30,000 after acquiring an additional 525 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Macy’s in the 4th quarter valued at about $35,000. Dubuque Bank & Trust Co. acquired a new position in shares of Macy’s in the 4th quarter valued at about $45,000. Huntington National Bank acquired a new position in shares of Macy’s in the 4th quarter valued at about $59,000. Finally, Princeton Capital Management LLC acquired a new position in shares of Macy’s in the 3rd quarter valued at about $104,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Shares of Macy’s stock opened at $25.14 on Friday. Macy’s Inc has a one year low of $23.10 and a one year high of $41.99. The stock has a market capitalization of $7.73 billion, a P/E ratio of 6.04, a PEG ratio of 0.90 and a beta of 0.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.35 and a quick ratio of 0.24.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, November 14th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.13. Macy’s had a return on equity of 22.33% and a net margin of 6.72%. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that Macy’s Inc will post 3.9 EPS for the current fiscal year.

A number of research analysts have recently issued reports on M shares. TheStreet downgraded Macy’s from a “b-” rating to a “c+” rating in a research note on Tuesday, February 5th. ValuEngine raised Macy’s from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded Macy’s from a “buy” rating to a “hold” rating in a research note on Monday, January 14th. Royal Bank of Canada dropped their price objective on Macy’s to $29.00 and set a “sector perform” rating on the stock in a research note on Friday, January 11th. Finally, Bank of America downgraded Macy’s from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 10th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.26.

In other Macy’s news, President Harry A. Lawton III sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $33.09, for a total transaction of $6,618,000.00. Following the completion of the sale, the president now directly owns 226,038 shares of the company’s stock, valued at approximately $7,479,597.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Lenehan acquired 3,154 shares of the firm’s stock in a transaction on Friday, November 16th. The shares were bought at an average cost of $31.74 per share, with a total value of $100,107.96. Following the completion of the acquisition, the director now directly owns 11,214 shares in the company, valued at approximately $355,932.36. The disclosure for this purchase can be found here. Insiders own 2.36% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Fairfield Current and is the property of of Fairfield Current. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.fairfieldcurrent.com/news/2019/02/10/wedbush-securities-inc-reduces-position-in-macys-inc-m.html.

About Macy’s

Macy’s, Inc, an omni-channel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, such as apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 4, 2018, it operated approximately 690 department stores under the Macy’s and Bloomingdale’s brands; 160 specialty stores under the Bloomingdale’s The Outlet, Bluemercury, and Macy’s Backstage brands in the District of Columbia, Guam, and Puerto Rico; and Websites, including macys.com, bloomingdales.com, and bluemercury.com.

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Institutional Ownership by Quarter for Macy`s (NYSE:M)

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