153,022 Shares in Macy's, Inc. (NYSE:M) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Macy's, Inc. (NYSE:M - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 153,022 shares of the company's stock, valued at approximately $2,591,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Macy's as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of M. Trifecta Capital Advisors LLC bought a new position in Macy's during the fourth quarter valued at about $34,000. Jones Financial Companies Lllp lifted its stake in 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 purchasing an additional 969 shares during the period. Kestra Investment Management LLC bought a new position in Macy's during the fourth quarter worth about $38,000. Bessemer Group Inc. grew its stake in shares of Macy's by 495.5% in the 4th quarter. Bessemer Group Inc. now owns 3,412 shares of the company's stock valued at $58,000 after purchasing an additional 2,839 shares during the period. Finally, Raiffeisen Bank International AG acquired a new position in shares of Macy's in the 4th quarter worth approximately $111,000. 87.36% of the stock is owned by institutional investors.

Macy's Trading Down 0.3%

Shares of NYSE M traded down $0.03 during mid-day trading on Wednesday, hitting $11.46. The company's stock had a trading volume of 5,926,399 shares, compared to its average volume of 6,462,637. Macy's, Inc. has a one year low of $9.76 and a one year high of $20.47. The company's fifty day simple moving average is $11.62 and its 200-day simple moving average is $13.97. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 19.42 and a beta of 1.77.

Macy's (NYSE:M - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The business had revenue of $4.60 billion during 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 was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. On average, sell-side analysts anticipate that Macy's, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.1824 dividend. This represents a $0.73 annualized dividend and a dividend yield of 6.37%. The ex-dividend date is Friday, June 13th. Macy's's dividend payout ratio (DPR) is presently 37.06%.

Insider Transactions at Macy's

In other Macy's news, EVP Tracy M. Preston sold 2,780 shares of the company's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $12.68, for a total transaction of $35,250.40. Following the completion of the transaction, the executive vice president now owns 4,723 shares of the company's stock, valued at $59,887.64. This represents a 37.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Adrian V. Mitchell sold 3,489 shares of Macy's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $13.74, for a total transaction of $47,938.86. Following the completion of the sale, the executive vice president now owns 116,165 shares in the company, valued at $1,596,107.10. This trade represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,751 shares of company stock valued at $537,790 over the last quarter. Corporate insiders own 1.09% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on M shares. Telsey Advisory Group lowered their price target on Macy's from $15.00 to $14.00 and set a "market perform" rating on the stock in a research report on Thursday, May 29th. Morgan Stanley restated a "negative" rating on shares of Macy's in a research note on Tuesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Macy's from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. UBS Group reduced their price target on shares of Macy's from $9.00 to $8.00 and set a "sell" rating on the stock in a research report on Friday, March 7th. Finally, The Goldman Sachs Group cut shares of Macy's from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $17.00 to $12.00 in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently 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.