Private Advisory Group LLC Acquires Shares of 63,327 Macy's, Inc. $M

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Private Advisory Group LLC has acquired 63,327 shares of Macy’s, Inc. (NYSE:M) valued at approximately $1.396 million during the fourth quarter. This acquisition comes as Macy’s recently beat quarterly estimates, increased its dividend, but still faces a “Reduce” consensus rating from analysts with a target price of $18.90. Despite significant institutional ownership (87.36%), analysts’ opinions are mixed, while retail investors might be looking for alternative investment opportunities.

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