Rhumbline Advisers lifted its position in shares of Marriott International Inc (NASDAQ:MAR) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 526,079 shares of the company’s stock after purchasing an additional 22,575 shares during the period. Rhumbline Advisers owned 0.16% of Marriott International worth $65,807,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in Marriott International by 12.7% during the 1st quarter. Parallel Advisors LLC now owns 2,806 shares of the company’s stock worth $351,000 after purchasing an additional 317 shares during the last quarter. Lee Financial Group Hawaii Inc. raised its position in shares of Marriott International by 3.9% in the 1st quarter. Lee Financial Group Hawaii Inc. now owns 25,248 shares of the company’s stock worth $3,158,000 after acquiring an additional 947 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Marriott International by 66.3% in the 1st quarter. Moors & Cabot Inc. now owns 3,744 shares of the company’s stock worth $470,000 after acquiring an additional 1,493 shares in the last quarter. Kornitzer Capital Management Inc. KS grew its stake in shares of Marriott International by 2.7% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 13,302 shares of the company’s stock valued at $1,664,000 after buying an additional 355 shares during the period. Finally, Pendal Group Ltd acquired a new stake in shares of Marriott International in the 1st quarter valued at about $524,000. Institutional investors own 62.82% of the company’s stock.
In related news, insider David Grissen sold 6,750 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.14, for a total value of $871,695.00. Following the completion of the transaction, the insider now directly owns 63,480 shares in the company, valued at $8,197,807.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Munoz sold 3,428 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $125.20, for a total transaction of $429,185.60. Following the completion of the transaction, the director now owns 11,620 shares of the company’s stock, valued at $1,454,824. The disclosure for this sale can be found here. Insiders have sold a total of 167,118 shares of company stock valued at $20,828,345 over the last 90 days. Company insiders own 12.60% of the company’s stock.
Several analysts have recently commented on MAR shares. BidaskClub downgraded Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Deutsche Bank reiterated a “hold” rating and set a $123.00 price target on shares of Marriott International in a research note on Monday, March 4th. SunTrust Banks lifted their price target on Marriott International to $137.00 and gave the company a “positive” rating in a research note on Monday, March 4th. Finally, Barclays lifted their price target on Marriott International to $135.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Marriott International presently has an average rating of “Hold” and an average target price of $136.23.
Shares of NASDAQ:MAR traded up $0.72 during mid-day trading on Wednesday, reaching $124.42. The company had a trading volume of 1,162,328 shares, compared to its average volume of 1,919,706. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 6.81. The stock has a market capitalization of $41.62 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.74 and a beta of 1.23. Marriott International Inc has a one year low of $100.62 and a one year high of $142.19.
Marriott International (NASDAQ:MAR) last issued its earnings results on Friday, May 10th. The company reported $1.41 earnings per share (EPS) 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 business had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Research analysts predict that Marriott International Inc will post 6.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 24th will be given a dividend of $0.48 per share. This is a positive change from Marriott International’s previous quarterly dividend of $0.41. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, May 23rd. Marriott International’s payout ratio is 30.92%.
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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