Universal Beteiligungs und Servicegesellschaft mbH Takes $2.59 Million Position in Macy's, Inc. (NYSE:M)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Macy's, Inc. (NYSE:M - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 153,022 shares of the company's stock, valued at approximately $2,591,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Macy's as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Forum Financial Management LP purchased a new stake in shares of Macy's during the fourth quarter worth about $177,000. Vise Technologies Inc. grew its holdings in shares of Macy's by 37.2% during the fourth quarter. Vise Technologies Inc. now owns 23,129 shares of the company's stock worth $392,000 after buying an additional 6,266 shares in the last quarter. MidWestOne Financial Group Inc. grew its holdings in shares of Macy's by 14.5% during the fourth quarter. MidWestOne Financial Group Inc. now owns 135,646 shares of the company's stock worth $2,296,000 after buying an additional 17,167 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Macy's by 13.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,060,349 shares of the company's stock worth $17,952,000 after buying an additional 122,749 shares in the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Macy's during the fourth quarter worth about $200,000. Institutional investors and hedge funds own 87.36% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on M. UBS Group lowered their price target on shares of Macy's from $9.00 to $8.00 and set a "sell" rating for the company in a report on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on shares of Macy's from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Gordon Haskett downgraded shares of Macy's from an "accumulate" rating to a "hold" rating in a report on Thursday, March 6th. New Street Research set a $13.00 target price on shares of Macy's in a research report on Thursday, March 6th. Finally, Barclays started coverage on shares of Macy's in a research report on Monday, April 28th. They issued a "cautious" rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Macy's currently has a consensus rating of "Hold" and a consensus target price of $13.20.

Macy's Stock Up 3.0%

Shares of NYSE:M traded up $0.36 during midday trading on Friday, reaching $12.28. The company had a trading volume of 5,096,540 shares, compared to its average volume of 6,477,576. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.26 and a quick ratio of 0.17. Macy's, Inc. has a one year low of $9.76 and a one year high of $20.47. The stock's fifty day moving average price is $11.57 and its 200-day moving average price is $13.91. The stock has a market capitalization of $3.42 billion, a P/E ratio of 20.81 and a beta of 1.74.

Macy's (NYSE:M - Get Free Report) last released 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. Macy's had a net margin of 0.73% and a return on equity of 21.99%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. Equities research analysts expect that Macy's, Inc. will post 2.39 earnings per share for the current fiscal year.

Macy's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.1824 per share. The ex-dividend date is Friday, June 13th. This represents a $0.73 annualized dividend and a yield of 5.94%. Macy's's payout ratio is 37.06%.

Insider Buying and Selling at Macy's

In related news, CEO Antony Spring sold 4,582 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $12.77, for a total value of $58,512.14. Following the sale, the chief executive officer now owns 288,961 shares of the company's stock, valued at $3,690,031.97. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adrian V. Mitchell sold 5,122 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $12.77, for a total transaction of $65,407.94. Following the completion of the sale, the executive vice president now directly owns 130,491 shares in the company, valued at approximately $1,666,370.07. This trade represents a 3.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,751 shares of company stock worth $537,790 over the last 90 days. Insiders own 1.09% of the company's stock.

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.