Macy's, Inc. (NYSE:M) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Macy's, Inc. (NYSE:M - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,751,211 shares of the company's stock after purchasing an additional 1,149,454 shares during the quarter. Dimensional Fund Advisors LP owned 5.67% of Macy's worth $266,666,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in M. Trifecta Capital Advisors LLC purchased a new stake in shares of Macy's during the fourth quarter worth $34,000. Jones Financial Companies Lllp increased its position in shares of Macy's by 82.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,149 shares of the company's stock worth $36,000 after acquiring an additional 969 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Macy's during the fourth quarter worth $38,000. Bessemer Group Inc. increased its position in shares of Macy's by 495.5% during the fourth quarter. Bessemer Group Inc. now owns 3,412 shares of the company's stock worth $58,000 after acquiring an additional 2,839 shares during the period. Finally, Tompkins Financial Corp purchased a new stake in shares of Macy's during the fourth quarter worth $102,000. Hedge funds and other institutional investors own 87.36% of the company's stock.

Insider Transactions at Macy's

In other news, CEO Antony Spring sold 3,124 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total transaction of $42,923.76. Following the completion of the sale, the chief executive officer now owns 272,680 shares in the company, valued at approximately $3,746,623.20. This represents a 1.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tracy M. Preston sold 2,780 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $12.68, for a total transaction of $35,250.40. Following the completion of the sale, the executive vice president now owns 4,723 shares of the company's stock, valued at approximately $59,887.64. The trade was a 37.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,751 shares of company stock worth $537,790. Company insiders own 2.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on M. Benchmark raised Macy's to a "strong-buy" rating in a research report on Monday, February 3rd. Telsey Advisory Group reaffirmed a "market perform" rating and set a $15.00 price objective on shares of Macy's in a research report on Wednesday, April 2nd. Citigroup cut their price objective on Macy's from $14.00 to $11.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. StockNews.com upgraded shares of Macy's from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, UBS Group lowered their target price on shares of Macy's from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $14.40.

Macy's Stock Performance

NYSE M traded up $0.17 during trading hours on Friday, hitting $11.19. The company had a trading volume of 5,884,335 shares, compared to its average volume of 6,234,919. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.17 and a current ratio of 1.26. Macy's, Inc. has a 1-year low of $9.76 and a 1-year high of $20.70. The company has a market cap of $3.12 billion, a PE ratio of 18.97 and a beta of 1.73. The business has a 50 day moving average of $12.78 and a 200-day moving average of $14.68.

Macy's (NYSE:M - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.25. Macy's had a net margin of 0.73% and a return on equity of 21.99%. The company had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $7.76 billion. As a group, equities research analysts expect that Macy's, Inc. will post 2.39 EPS for the current year.

Macy's Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.1824 per share. This is an increase from Macy's's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.73 annualized dividend and a dividend yield of 6.52%. Macy's's dividend payout ratio is 35.44%.

Macy's Profile

Macy's, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm's brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.