Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Marriott International Inc (NASDAQ:MAR) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,270 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Marriott International were worth $5,162,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC raised its holdings in Marriott International by 93.7% in the fourth quarter. Proficio Capital Partners LLC now owns 308 shares of the company’s stock valued at $33,000 after acquiring an additional 149 shares in the last quarter. Clean Yield Group acquired a new stake in Marriott International during the fourth quarter worth approximately $41,000. Lindbrook Capital LLC acquired a new stake in Marriott International during the fourth quarter worth approximately $42,000. Bessemer Group Inc. raised its holdings in Marriott International by 532.8% during the fourth quarter. Bessemer Group Inc. now owns 386 shares of the company’s stock worth $42,000 after purchasing an additional 325 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in Marriott International by 51.9% during the fourth quarter. Hanseatic Management Services Inc. now owns 433 shares of the company’s stock worth $47,000 after purchasing an additional 148 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on MAR shares. BidaskClub raised shares of Marriott International from a “hold” rating to a “buy” rating in a report on Friday, April 5th. SunTrust Banks raised their price objective on shares of Marriott International to $137.00 and gave the stock a “positive” rating in a report on Monday, March 4th. Barclays raised their price objective on shares of Marriott International to $135.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 5th. They noted that the move was a valuation call. Berenberg Bank restated a “buy” rating and set a $140.00 target price on shares of Marriott International in a research report on Tuesday, March 5th. Finally, Deutsche Bank restated a “hold” rating and set a $123.00 target price on shares of Marriott International in a research report on Monday, March 4th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $136.23.
In other Marriott International news, insider Craig S. Smith sold 16,743 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $120.35, for a total transaction of $2,015,020.05. Following the sale, the insider now directly owns 7,754 shares in the company, valued at approximately $933,193.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William P. Brown sold 11,640 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total transaction of $1,414,609.20. Following the sale, the insider now owns 5,704 shares in the company, valued at $693,207.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 156,940 shares of company stock worth $19,527,465. 12.60% of the stock is currently owned by insiders.
Shares of MAR traded down $1.66 during mid-day trading on Wednesday, reaching $127.77. 1,426,812 shares of the company’s stock were exchanged, compared to its average volume of 1,915,255. Marriott International Inc has a 52-week low of $100.62 and a 52-week high of $142.19. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 6.81. The firm has a market cap of $43.59 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Friday, May 10th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.07. Marriott International had a net margin of 8.62% and a return on equity of 97.68%. The firm had revenue of $5.01 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the firm posted $1.34 EPS. Marriott International’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities research analysts forecast that Marriott International Inc will post 6.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.50%. This is a positive change from Marriott International’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, May 23rd. Marriott International’s dividend payout ratio (DPR) is 26.41%.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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