A recent financial disclosure reveals significant movements in the investment landscape surrounding Macy’s, Inc. Universal Beteiligungs und Servicegesellschaft mbH, a notable institutional investor, strategically adjusted its Macy’s stock holdings during the first quarter, signaling a calculated shift in its extensive investment portfolio. This minor yet impactful reduction highlights the dynamic nature of large-scale financial management within the retail sector.
According to its most recent 13F filing with the SEC, Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in the iconic department store’s shares by a modest 1.0%. Despite selling 1,474 shares, the firm still maintained a substantial stake of 151,548 shares, valued at an impressive $1,903,000 at the close of the most recent quarter. Such SEC filings offer crucial insights into the strategies employed by major investment entities.
This adjustment by Universal Beteiligungs und Servicegesellschaft mbH is part of a broader trend observed among institutional investors and hedge funds, many of whom have either augmented or reduced their stakes in Macy’s. Coldstream Capital Management Inc., for instance, notably increased its position by 4.9% in the fourth quarter, acquiring an additional 717 shares to bring its total to 15,442 shares, valued at $261,000.
Further reinforcing this active market analysis, the Treasurer of the State of North Carolina boosted its stake by 0.6% during the fourth quarter, now holding 120,414 shares worth $2,039,000. Other significant movements include Quantinno Capital Management LP’s 0.9% increase, ProShare Advisors LLC’s 7.7% raise, and Crossmark Global Holdings Inc.’s 0.5% lift in the first quarter, all contributing to a complex web of ownership shifts.
From a performance standpoint, Macy’s stock opened at $13.02, reflecting its current market capitalization of $3.54 billion. The company exhibits a PE ratio of 6.61 and a beta of 1.71, alongside a debt-to-equity ratio of 0.62 and a current ratio of 1.43. These metrics provide a snapshot of the company’s financial health and its volatility within the market, crucial for any in-depth retail sector assessment.
Adding to its financial profile, Macy’s recently declared a quarterly dividend, a positive signal for shareholders. A payment of $0.1824 per share was distributed on July 1st, representing an annualized dividend of $0.73 and yielding 5.60%. The company’s payout ratio currently stands at 37.06%, underscoring its commitment to returning value to investors.
The investment community’s outlook on Macy’s remains varied, as reflected by recent analyst reports. While some firms like Barclays initiated coverage with a “cautious” rating, others like JPMorgan Chase & Co. upped their target price. The consensus among analysts, according to MarketBeat.com data, is a “Hold” rating with a target price of $13.22, suggesting a balanced perspective on the company’s future prospects.
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