Duncker Streett & Co. Inc. lifted its stake in shares of Marriott International Inc (NASDAQ:MAR) by 2.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,498 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Marriott International were worth $563,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Kentucky Retirement Systems acquired a new position in shares of Marriott International in the third quarter valued at about $916,000. Neuberger Berman Group LLC grew its holdings in Marriott International by 1.8% during the third quarter. Neuberger Berman Group LLC now owns 1,216,853 shares of the company’s stock worth $160,662,000 after acquiring an additional 21,209 shares during the period. B. Riley Wealth Management Inc. acquired a new stake in Marriott International during the third quarter worth about $228,000. Legal & General Group Plc grew its holdings in Marriott International by 0.7% during the third quarter. Legal & General Group Plc now owns 1,207,230 shares of the company’s stock worth $159,391,000 after acquiring an additional 8,811 shares during the period. Finally, Morgan Stanley grew its holdings in Marriott International by 117.0% during the third quarter. Morgan Stanley now owns 2,539,940 shares of the company’s stock worth $335,349,000 after acquiring an additional 1,369,478 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.
In other news, insider William P. Brown sold 11,640 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $121.53, for a total value of $1,414,609.20. Following the transaction, the insider now owns 5,704 shares in the company, valued at $693,207.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Margaret M. Mccarthy bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of $130.83 per share, for a total transaction of $261,660.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $261,660. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 156,940 shares of company stock worth $19,527,465. Company insiders own 12.60% of the company’s stock.
MAR stock 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. The company has a market capitalization of $43.59 billion, a P/E ratio of 20.57, a P/E/G ratio of 2.87 and a beta of 1.23. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 6.81. Marriott International Inc has a 12-month low of $100.62 and a 12-month high of $142.19.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Friday, May 10th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.07. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.16 billion. Marriott International had a return on equity of 97.68% and a net margin of 8.62%. Marriott International’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 earnings per share. On average, research analysts predict that Marriott International Inc will post 6.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.41. Marriott International’s dividend payout ratio (DPR) is 26.41%.
Several analysts recently commented on the company. Citigroup raised their target price on Marriott International from $117.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Co raised their target price on Marriott International from $123.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, April 24th. BidaskClub raised Marriott International from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Morgan Stanley set a $117.00 price target on Marriott International and gave the stock a “hold” rating in a research report on Thursday, March 28th. Finally, Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $136.23.
TRADEMARK VIOLATION WARNING: “Marriott International Inc (MAR) Shares Bought by Duncker Streett & Co. Inc.” was first published by Sundance Herald and is the property of of Sundance Herald. If you are accessing this article on another site, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this article can be viewed at https://sundanceherald.com/2019/05/22/marriott-international-inc-mar-stake-lifted-by-duncker-streett-co-inc.html.
About Marriott International
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.
Featured Article: Moving Average (MA)
Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.