Banque Cantonale Vaudoise Purchases 3,500 Shares of Macy’s, Inc. (NYSE:M)

Banque Cantonale Vaudoise boosted its position in Macy’s, Inc. (NYSE:M) by 350.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,500 shares of the company’s stock after purchasing an additional 3,500 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Macy’s were worth $90,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in M. Glassman Wealth Services increased its holdings in shares of Macy’s by 154.5% during the fourth quarter. Glassman Wealth Services now owns 1,224 shares of the company’s stock valued at $25,000 after acquiring an additional 743 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Macy’s by 253.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,317 shares of the company’s stock valued at $26,000 after acquiring an additional 944 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of Macy’s during the fourth quarter valued at about $50,000. Covestor Ltd increased its holdings in shares of Macy’s by 25.5% during the third quarter. Covestor Ltd now owns 4,763 shares of the company’s stock valued at $55,000 after acquiring an additional 969 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in Macy’s by 1,166.8% in the 4th quarter. Hexagon Capital Partners LLC now owns 2,749 shares of the company’s stock worth $55,000 after buying an additional 2,532 shares during the period. 87.36% of the stock is currently owned by institutional investors.

Macy’s Trading Up 4.0 %

Shares of M stock opened at $19.03 on Tuesday. Macy’s, Inc. has a fifty-two week low of $10.54 and a fifty-two week high of $22.10. The firm has a market capitalization of $5.26 billion, a P/E ratio of 634.33 and a beta of 2.16. The stock’s fifty day moving average is $19.07 and its two-hundred day moving average is $19.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.35 and a current ratio of 1.38.

Macy’s (NYSE:M) last issued its earnings results on Tuesday, May 21st. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12. Macy’s had a return on equity of 21.40% and a net margin of 0.05%. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the company earned $0.56 EPS. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts expect that Macy’s, Inc. will post 2.79 earnings per share for the current fiscal year.

Macy’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a dividend of $0.1737 per share. This represents a $0.69 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Friday, June 14th. Macy’s’s dividend payout ratio (DPR) is 2,300.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on M. The Goldman Sachs Group increased their price target on shares of Macy’s from $16.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. JPMorgan Chase & Co. upped their price objective on Macy’s from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. StockNews.com started coverage on Macy’s in a research report on Wednesday, June 19th. They issued a “hold” rating on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price objective on shares of Macy’s in a research report on Tuesday, May 21st. Finally, Morgan Stanley lowered their price objective on Macy’s from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.70.

Insider Activity at Macy’s

In related news, CFO Adrian V. Mitchell sold 13,279 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $19.63, for a total transaction of $260,666.77. Following the completion of the transaction, the chief financial officer now directly owns 120,457 shares in the company, valued at approximately $2,364,570.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Adrian V. Mitchell sold 13,279 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $19.63, for a total transaction of $260,666.77. Following the completion of the transaction, the chief financial officer now directly owns 120,457 shares in the company, valued at approximately $2,364,570.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Danielle L. Kirgan sold 6,680 shares of Macy’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $19.66, for a total value of $131,328.80. Following the completion of the transaction, the executive vice president now owns 324,635 shares of the company’s stock, valued at approximately $6,382,324.10. The disclosure for this sale can be found here. Insiders sold 65,430 shares of company stock worth $1,285,499 in the last three months. 2.77% of the stock is owned by company insiders.

Macy’s Profile

Macy's, Inc, an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells a range of merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and bluemercury brands.