Macy's, Inc. (M) EPS Estimated At $0.36; Reaves W H & Company Boosted By $57.87 Million Its Comcast Class A (CMCSA) Holding

April 17, 2018 - By Michael Collier

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

Analysts expect Macy's, Inc. (NYSE:M) to report $0.36 EPS on May, 10.They anticipate $0.12 EPS change or 50.00% from last quarter’s $0.24 EPS. M’s profit would be $110.14M giving it 20.19 P/E if the $0.36 EPS is correct. After having $2.82 EPS previously, Macy's, Inc.’s analysts see -87.23% EPS growth. The stock increased 1.15% or $0.33 during the last trading session, reaching $29.07. About 4.05 million shares traded. Macy's, Inc. (NYSE:M) has declined 0.25% since April 17, 2017 and is downtrending. It has underperformed by 11.80% the S&P500.

Reaves W H & Company Inc increased Comcast Corp Class A (CMCSA) stake by 38.18% reported in 2017Q4 SEC filing. Reaves W H & Company Inc acquired 1.45 million shares as Comcast Corp Class A (CMCSA)’s stock declined 19.10%. The Reaves W H & Company Inc holds 5.24M shares with $209.70M value, up from 3.79M last quarter. Comcast Corp Class A now has $154.48B valuation. The stock decreased 0.81% or $0.27 during the last trading session, reaching $33.26. About 22.95M shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since April 17, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Among 31 analysts covering Macy’s Inc. (NYSE:M), 8 have Buy rating, 2 Sell and 21 Hold. Therefore 26% are positive. Macy’s Inc. had 107 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Macy's, Inc. (NYSE:M) has “Hold” rating given on Monday, February 26 by Deutsche Bank. As per Thursday, May 12, the company rating was downgraded by Northland Capital. The rating was reinitiated by JP Morgan on Thursday, January 21 with “Neutral”. The company was upgraded on Thursday, November 12 by Northcoast. RBC Capital Markets maintained Macy's, Inc. (NYSE:M) on Monday, September 18 with “Hold” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, August 12. The rating was upgraded by OTR Global to “Mixed” on Wednesday, November 2. The stock of Macy's, Inc. (NYSE:M) earned “Strong-Buy” rating by Vetr on Wednesday, August 12. The stock has “Buy” rating by Deutsche Bank on Monday, October 31. BMO Capital Markets maintained Macy's, Inc. (NYSE:M) on Thursday, March 1 with “Outperform” rating.

Macy's, Inc., together with its subsidiaries, operates stores, Websites, and mobile applications. The company has market cap of $8.89 billion. The Company’s stores and Websites sell a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. It has a 5.77 P/E ratio. The firm also operates stores that offer a range of women's, men's, and children's apparel; shoes; fashion accessories; housewares; home textiles; intimate apparel; and jewelry.

Since December 14, 2017, it had 0 insider purchases, and 10 insider sales for $62.55 million activity. Shares for $25.24M were sold by ROBERTS BRIAN L on Tuesday, March 13. BLOCK ARTHUR R sold $224,575 worth of stock. On Friday, March 16 the insider Murdock Daniel C. sold $67,320. $4.84 million worth of Comcast Corporation (NASDAQ:CMCSA) was sold by WATSON DAVID N. $8.11M worth of Comcast Corporation (NASDAQ:CMCSA) shares were sold by BURKE STEPHEN B.

Reaves W H & Company Inc decreased Atmos Energy Corp Com (NYSE:ATO) stake by 16,530 shares to 378,986 valued at $32.55M in 2017Q4. It also reduced Ppl Corp Com (NYSE:PPL) stake by 45,900 shares and now owns 1.01M shares. Targa Resources Corp (NYSE:TRGP) was reduced too.

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