Vanguard Holds 11.3% Stake in Macy's, 30.9M Shares

TL;DR

**Vanguard still owns 11.3% of Macy's, holding over 30 million shares.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of Macy's Inc. common stock as of December 29, 2023. Vanguard reported beneficial ownership of 30,943,767 shares, representing 11.3% of Macy's outstanding common stock. This filing indicates Vanguard's continued significant passive stake in Macy's, making them a key institutional shareholder. For investors, this means a large, stable institutional holder believes in Macy's long-term value, which can provide a sense of stability but also means a substantial portion of shares are held by an entity that typically doesn't push for major operational changes.

Why It Matters

This filing confirms Vanguard's substantial, passive investment in Macy's, signaling confidence from a major institutional investor and potentially influencing stock stability.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor, indicating no immediate new risks or significant changes in strategy.

Analyst Insight

Investors should note that a major institutional investor like Vanguard maintains a substantial, passive position in Macy's, suggesting long-term confidence without active intervention. This filing is a routine update and doesn't signal any immediate need for action, but confirms a stable ownership structure.

Key Numbers

• 30,943,767 — Shares Beneficially Owned (Represents the total number of Macy's common stock shares Vanguard holds.)
• 11.3% — Percentage of Class (Indicates Vanguard's significant ownership stake in Macy's Inc.)
• 55616P104 — CUSIP Number (Unique identifier for Macy's Inc. Common Stock.)
• December 29, 2023 — Date of Event (The specific date for which the ownership data is reported.)
• 12 — Amendment Number (This is the twelfth amendment to Vanguard's Schedule 13G filing for Macy's.)

Key Players & Entities

• Macy's Inc. (company) — the subject company whose securities are being reported
• The Vanguard Group (company) — the reporting person and institutional investor
• 30,943,767 shares (dollar_amount) — the total number of common stock shares beneficially owned by Vanguard
• 11.3% (dollar_amount) — the percentage of Macy's Inc. common stock beneficially owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Macy's Inc. (The Vanguard Group) — high confidence, target: Next 12-24 months
• Macy's stock price will experience minimal volatility directly due to this filing. (Macy's Inc.) — high confidence, target: Next 1-2 weeks

FAQ

Filing Documents

• tv01384-macysinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021391.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Macy's Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 151 West 34th Street New York, NY 10001

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 55616P104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR