As Macy’s INC (M) Stock Rose, Trustmark National Bank Trust Department Raised Its Stake

May 18, 2018 - By Marguerite Chambers

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

Trustmark National Bank Trust Department increased its stake in Macy’s Inc (M) by 266.24% based on its latest 2017Q4 regulatory filing with the SEC. Trustmark National Bank Trust Department bought 315,420 shares as the company’s stock rose 8.53% while stock markets declined. The institutional investor held 433,891 shares of the department and specialty retail stores company at the end of 2017Q4, valued at $10.93M, up from 118,471 at the end of the previous reported quarter. Trustmark National Bank Trust Department who had been investing in Macy’s Inc for a number of months, seems to be bullish on the $10.35B market cap company. The stock increased 2.02% or $0.67 during the last trading session, reaching $33.84. About 23.44M shares traded or 116.44% up from the average. Macy's, Inc. (NYSE:M) has declined 0.25% since May 18, 2017 and is downtrending. It has underperformed by 11.80% the S&P500.

More news for Macy's, Inc. (NYSE:M) were recently published by: Seekingalpha.com, which released: “Macy’s: Defying Expectations” on May 17, 2018. 247Wallst.com‘s article titled: “What Macy’s Got Right in Q1” and published on May 16, 2018 is yet another important article.

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

Among 9 analysts covering Macy’s Inc (NYSE:M), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Macy’s Inc had 11 analyst reports since December 14, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, March 1 by Gordon Haskett. On Friday, January 19 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Guggenheim with “Buy” on Thursday, December 14. Deutsche Bank maintained the stock with “Hold” rating in Monday, February 26 report. The rating was maintained by Telsey Advisory Group with “Market Perform” on Thursday, December 28. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, February 28. Jefferies maintained the shares of M in report on Tuesday, February 27 with “Hold” rating. The stock has “Underweight” rating by Morgan Stanley on Thursday, May 10. BMO Capital Markets maintained it with “Outperform” rating and $42 target in Thursday, March 1 report.

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

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