Stephens Inc. AR grew its stake in Marriott International (NASDAQ:MAR) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 61,964 shares of the company’s stock after acquiring an additional 857 shares during the period. Stephens Inc. AR’s holdings in Marriott International were worth $6,832,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. AHL Partners LLP grew its holdings in shares of Marriott International by 230.4% in the second quarter. AHL Partners LLP now owns 19,615 shares of the company’s stock valued at $1,967,000 after purchasing an additional 13,679 shares in the last quarter. Numeric Investors LLC acquired a new position in shares of Marriott International in the second quarter valued at approximately $772,000. Wells Fargo & Company MN grew its holdings in shares of Marriott International by 28.0% in the second quarter. Wells Fargo & Company MN now owns 1,259,396 shares of the company’s stock valued at $126,329,000 after purchasing an additional 275,382 shares in the last quarter. Asset Advisors Corp grew its holdings in shares of Marriott International by 1.0% in the third quarter. Asset Advisors Corp now owns 121,972 shares of the company’s stock valued at $13,449,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Andra AP fonden grew its holdings in shares of Marriott International by 82.4% in the second quarter. Andra AP fonden now owns 24,800 shares of the company’s stock valued at $2,488,000 after purchasing an additional 11,200 shares in the last quarter. 67.30% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on MAR. Berenberg Bank reiterated a “buy” rating and set a $125.00 price target on shares of Marriott International in a report on Friday, August 18th. BidaskClub cut shares of Marriott International from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Thursday, October 26th. Royal Bank Of Canada reiterated a “buy” rating on shares of Marriott International in a report on Tuesday, November 7th. Finally, Robert W. Baird reiterated a “hold” rating and set a $103.00 price target on shares of Marriott International in a report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $108.62.
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Marriott International (NASDAQ MAR) traded up $1.10 during trading hours on Monday, hitting $125.48. 4,660,600 shares of the stock were exchanged, compared to its average volume of 2,471,990. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52. Marriott International has a fifty-two week low of $76.88 and a fifty-two week high of $125.64. The firm has a market cap of $45,750.00, a PE ratio of 30.68, a PEG ratio of 3.14 and a beta of 1.34.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The business had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 43.7% on a year-over-year basis. analysts forecast that Marriott International will post 4.24 EPS for the current year.
Marriott International announced that its board has initiated a stock buyback program on Thursday, November 9th that permits the company to buyback 30,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 22nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.32 dividend on an annualized basis and a yield of 1.05%. Marriott International’s payout ratio is 35.87%.
In related news, EVP Edward A. Ryan sold 6,550 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $120.40, for a total value of $788,620.00. Following the sale, the executive vice president now directly owns 67,856 shares of the company’s stock, valued at approximately $8,169,862.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Argiris Kyriakidis sold 2,500 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $121.55, for a total transaction of $303,875.00. Following the completion of the sale, the insider now directly owns 13,579 shares in the company, valued at $1,650,527.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 202,977 shares of company stock worth $23,240,427. 11.32% of the stock is owned by corporate insiders.
About Marriott International
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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