Macy's, Inc. (NYSE:M) Stock Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Macy's, Inc. (NYSE:M - Free Report) by 13.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,060,349 shares of the company's stock after purchasing an additional 122,749 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.38% of Macy's worth $17,952,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of M. iSAM Funds UK Ltd purchased a new stake in shares of Macy's in the fourth quarter valued at $200,000. WBI Investments LLC purchased a new stake in shares of Macy's in the fourth quarter valued at $2,162,000. Twinbeech Capital LP purchased a new stake in shares of Macy's in the fourth quarter valued at $5,232,000. Toronto Dominion Bank purchased a new stake in shares of Macy's in the fourth quarter valued at $704,000. Finally, Shellback Capital LP lifted its position in shares of Macy's by 200.0% in the fourth quarter. Shellback Capital LP now owns 300,000 shares of the company's stock valued at $5,079,000 after acquiring an additional 200,000 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company's stock.

Insider Transactions at Macy's

In other news, CEO Antony Spring sold 20,868 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $12.68, for a total transaction of $264,606.24. Following the sale, the chief executive officer now directly owns 321,244 shares of the company's stock, valued at $4,073,373.92. The trade was a 6.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Adrian V. Mitchell sold 5,122 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $12.77, for a total value of $65,407.94. Following the sale, the executive vice president now directly owns 130,491 shares in the company, valued at $1,666,370.07. This trade represents a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,751 shares of company stock valued at $537,790. Corporate insiders own 2.77% of the company's stock.

Macy's Stock Performance

Macy's stock traded down $0.06 during mid-day trading on Friday, hitting $11.88. 8,401,442 shares of the company's stock traded hands, compared to its average volume of 6,444,572. The firm has a 50 day moving average price of $11.69 and a 200 day moving average price of $14.04. The company has a quick ratio of 0.17, a current ratio of 1.26 and a debt-to-equity ratio of 0.67. The company has a market cap of $3.31 billion, a PE ratio of 20.14 and a beta of 1.77. Macy's, Inc. has a one year low of $9.76 and a one year high of $20.47.

Macy's (NYSE:M - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.38 billion. Macy's had a return on equity of 21.99% and a net margin of 0.73%. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. On average, equities analysts forecast that Macy's, Inc. will post 2.39 EPS for the current year.

Macy's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.1824 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date is Friday, June 13th. Macy's's dividend payout ratio is presently 35.44%.

Analyst Ratings Changes

Several equities analysts recently weighed in on M shares. Telsey Advisory Group reduced their target price on Macy's from $15.00 to $14.00 and set a "market perform" rating on the stock in a research report on Thursday. UBS Group lowered their price objective on Macy's from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Friday, March 7th. Morgan Stanley restated a "negative" rating on shares of Macy's in a research note on Tuesday, May 6th. Gordon Haskett lowered Macy's from an "accumulate" rating to a "hold" rating in a research report on Thursday, March 6th. Finally, New Street Research set a $13.00 target price on Macy's in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.20.

About Macy's

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.