Macy’s, Inc. (NYSE:M) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. raised its holdings in shares of Macy’s, Inc. (NYSE:M) by 37.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 23,129 shares of the company’s stock after buying an additional 6,266 shares during the period. Vise Technologies Inc.’s holdings in Macy’s were worth $392,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Coldstream Capital Management Inc. grew its stake in Macy’s by 4.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 15,442 shares of the company’s stock valued at $261,000 after purchasing an additional 717 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Macy’s by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 120,414 shares of the company’s stock valued at $2,039,000 after purchasing an additional 760 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Macy’s by 0.9% during the 4th quarter. Quantinno Capital Management LP now owns 102,538 shares of the company’s stock worth $1,736,000 after buying an additional 872 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Macy’s by 7.7% during the 4th quarter. ProShare Advisors LLC now owns 12,978 shares of the company’s stock worth $220,000 after buying an additional 924 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Macy’s by 1.2% during the 4th quarter. Arizona State Retirement System now owns 80,549 shares of the company’s stock worth $1,364,000 after buying an additional 958 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Insider Activity at Macy’s

In related news, CEO Antony Spring sold 20,868 shares of the firm’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 value of $264,606.24. Following the sale, the chief executive officer now directly owns 321,244 shares in the company, valued at $4,073,373.92. This trade represents a 6.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Adrian V. Mitchell sold 5,122 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $12.77, for a total value of $65,407.94. Following the completion of the sale, the executive vice president now owns 130,491 shares in the company, valued at approximately $1,666,370.07. This represents a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,751 shares of company stock worth $537,790 in the last three months. 1.09% of the stock is owned by company insiders.

Macy’s Trading Down 2.9%

Shares of NYSE M opened at $11.58 on Tuesday. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 19.63 and a beta of 1.77. Macy’s, Inc. has a 12-month low of $9.76 and a 12-month high of $20.70. The company has a current ratio of 1.26, a quick ratio of 0.17 and a debt-to-equity ratio of 0.67. The stock’s 50 day simple moving average is $11.82 and its 200 day simple moving average is $14.11.

Macy’s (NYSE:M) last announced its quarterly earnings results on Thursday, March 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.25. The business had revenue of $7.77 billion for the quarter, compared to the consensus estimate of $7.76 billion. Macy’s had a return on equity of 21.99% and a net margin of 0.73%. Equities research analysts expect that Macy’s, Inc. will post 2.39 EPS for the current year.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.1824 dividend. This represents a $0.73 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend is Friday, June 13th. Macy’s’s dividend payout ratio is currently 35.44%.

Wall Street Analyst Weigh In

M has been the topic of a number of research analyst reports. Citigroup reduced their target price on Macy’s from $14.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. UBS Group reduced their target price on Macy’s from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 7th. Wall Street Zen raised Macy’s from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Barclays initiated coverage on Macy’s in a report on Monday, April 28th. They set a “cautious” rating and a $12.00 target price on the stock. Finally, The Goldman Sachs Group downgraded Macy’s from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $12.00 in a report on Tuesday, April 22nd. Two 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.30.

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.