On Wednesday, Shares of Macy’s, Inc. (NYSE:M), lost -5.06% to $64.11.
Macy’s stated sales and earnings for its second quarter of 2015, ended Aug. 1, 2015, and adjusted guidance for 2015. In addition, the company offered updates on key initiatives to grow profitable sales on a short-term and long-term basis.
The company’s earnings were 64 cents per diluted share for the second quarter of 2015. This compares with earnings of 80 cents per diluted share in the second quarter of 2014. Macy’s, Inc.’s diluted earnings per share in the first half of 2015 were $1.19, contrast with earnings per diluted share of $1.40 in the same period last year.
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods.
Shares of The Bank of New York Mellon Corporation (NYSE:BK), declined -1.72% to $43.90, during its last trading session.
The median return of the BNY Mellon U.S. Master Trust Universe, a fund-level tracking service, was essentially flat for the second quarter of 2015, down a scant 0.02 percent. The one-year return of +2.95%, however, was well below the five-year annualized return of +10.36%.
With a market value of more than $2.3 trillion and an average plan size of $3.6 billion, the BNY Mellon U.S. Master Trust Universe is a fund-level tracking service that can be used to make peer comparisons of both performance and asset allocation results. The Universe comprises of 623 corporate, foundation, endowment, public, Taft-Hartley, and health care plans.
“In a fairly flat environment, endowments topped other plan-types with a +0.58% return in Q2 due to their relative performance within the U.S. and non-U.S. fixed income segments,” said John Houser, senior consultant for BNY Mellon’s Global Risk Solutions group. “Looking at asset classes, investors found some gains during the quarter within non-U.S. equities (+1.12%) and real estate (+3.18%). Over the one-year period, real estate easily outpaced all asset classes with a +13.18% return, ongoing its run of more than five years of positive quarterly results.”
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
Finally, Columbia Pipeline Group, Inc. (NYSE:CPGX), ended its last trade with 0.65% gain, and closed at $28.
Columbia Pipeline Group approved a quarterly dividend payment of 12.5 cents per share, payable November 20, 2015, to common stockholders of record at the close of business October 30, 2015.
“Today’s declaration delivers on one of our core commitments as an independent pipeline, midstream and storage company,” CPG Chairman and Chief Executive Officer, Robert C. Skaggs, Jr. said. “As we outlined in our May 14 webcast, and reaffirmed in our second quarter Earnings Call, we have a clear line of sight on a robust project backlog that is built to deliver improved shareholder value through consistent EBITDA and dividend growth. Through 2020, we continue to expect our dividend to grow at a 15 percent annual average rate.”
Columbia Pipeline Group, Inc., together with its auxiliaries, owns, operates, and develops a portfolio of pipelines, storage, and related midstream assets.
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