Universal Beteiligungs und Servicegesellschaft mbH Acquires 163,674 Shares of Macy's, Inc. $M

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its Macy's stake by 99.7% in Q4, buying 163,674 shares to hold 327,827 shares (about 0.12% of the company) valued at roughly $7.23 million.
• Company insiders sold shares this quarter — including EVP Danielle Kirgan (10,010 shares) and EVP Tracy M. Preston (5,271) — with insiders selling 94,967 shares total (~$1.71M) mainly to cover tax withholding on vested awards; insiders now own 1.05% of Macy's.
• Macy's beat Q4 estimates (EPS $1.67 vs. $1.55 est.; revenue $7.92B vs. $7.48B) and raised its quarterly dividend to $0.1915 (annualized $0.77) for a ~3.8% yield.

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Macy's, Inc. (NYSE:M - Free Report) by 99.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 327,827 shares of the company's stock after acquiring an additional 163,674 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Macy's worth $7,229,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Evergreen Capital Management LLC raised its holdings in Macy's by 9.9% during the fourth quarter. Evergreen Capital Management LLC now owns 12,370 shares of the company's stock worth $274,000 after acquiring an additional 1,110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Macy's by 11.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 98,975 shares of the company's stock worth $2,182,000 after buying an additional 10,297 shares in the last quarter. Friedenthal Financial acquired a new stake in Macy's during the fourth quarter worth approximately $98,000. Merit Financial Group LLC acquired a new stake in shares of Macy's in the 4th quarter valued at $239,000. Finally, Wright Investors Service Inc. acquired a new stake in shares of Macy's in the 4th quarter valued at $501,000. Institutional investors own 87.36% of the company's stock.

Insider Buying and Selling

In other Macy's news, EVP Danielle L. Kirgan sold 10,010 shares of the business's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $179,379.20. Following the completion of the sale, the executive vice president directly owned 108,008 shares of the company's stock, valued at approximately $1,935,503.36. The trade was a 8.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 shares of the business's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total value of $94,456.32. Following the completion of the transaction, the executive vice president owned 28,773 shares in the company, valued at $515,612.16. The trade was a 15.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 94,967 shares of company stock valued at $1,705,276. Company insiders own 1.05% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Macy's from $24.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, March 18th. TD Cowen dropped their price target on Macy's from $21.00 to $20.00 and set a "hold" rating for the company in a research note on Thursday, March 19th. Zacks Research upgraded Macy's from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. Telsey Advisory Group reiterated a "market perform" rating and issued a $20.00 price target on shares of Macy's in a research note on Wednesday, April 1st. Finally, UBS Group increased their price target on Macy's from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $18.90.

Macy's Stock Performance

Shares of M opened at $20.04 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 1.49. The stock has a 50 day moving average price of $19.02 and a two-hundred day moving average price of $20.37. The firm has a market capitalization of $5.29 billion, a P/E ratio of 8.64 and a beta of 1.51. Macy's, Inc. has a 52 week low of $10.54 and a 52 week high of $24.41.

Macy's (NYSE:M - Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.12. The firm had revenue of $7.92 billion during the quarter, compared to analyst estimates of $7.48 billion. Macy's had a return on equity of 14.22% and a net margin of 2.84%.The company's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS. Equities analysts forecast that Macy's, Inc. will post 2.09 earnings per share for the current fiscal year.

Macy's Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a dividend of $0.1915 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.77 dividend on an annualized basis and a yield of 3.8%. This is an increase from Macy's's previous quarterly dividend of $0.18. Macy's's dividend payout ratio is presently 33.19%.

Macy's Profile

Macy's, Inc is a leading American omnichannel retailer operating under the Macy's brand, as well as specialty divisions Bloomingdale's and Bluemercury. The company's retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy's seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company's product assortment spans men's, women's and children's clothing, beauty and personal care products, housewares and home décor.

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