Capital Research Global Investors lessened its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 0.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,718,068 shares of the company’s stock after selling 24,697 shares during the period. Capital Research Global Investors’ holdings in Marriott International were worth $2,380,187,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of MAR. Ironvine Capital Partners LLC purchased a new position in Marriott International in the fourth quarter valued at approximately $33,000. Trustcore Financial Services LLC raised its holdings in Marriott International by 2,444.4% during the fourth quarter. Trustcore Financial Services LLC now owns 229 shares of the company’s stock worth $35,000 after purchasing an additional 220 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of Marriott International during the 4th quarter worth approximately $42,000. Atlas Private Wealth Management purchased a new stake in shares of Marriott International during the 4th quarter worth approximately $49,000. Finally, Princeton Global Asset Management LLC lifted its position in shares of Marriott International by 90.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 366 shares of the company’s stock worth $55,000 after buying an additional 174 shares during the last quarter. 61.88% of the stock is currently owned by institutional investors and hedge funds.
MAR has been the topic of a number of recent analyst reports. BMO Capital Markets downgraded shares of Marriott International from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 18th. ValuEngine raised shares of Marriott International from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Cfra decreased their price objective on shares of Marriott International from $132.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Raymond James downgraded shares of Marriott International from an “outperform” rating to a “market perform” rating and set a $145.00 price objective for the company. in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus dropped their price objective on Marriott International from $142.00 to $135.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $132.18.
Shares of MAR traded up $9.63 during mid-day trading on Thursday, hitting $94.88. 2,872,940 shares of the company’s stock were exchanged, compared to its average volume of 9,823,871. Marriott International Inc has a fifty-two week low of $46.56 and a fifty-two week high of $153.39. The firm has a market capitalization of $25.66 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.48 and a beta of 1.29. The business’s 50 day moving average is $118.82 and its two-hundred day moving average is $131.64. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 15.43.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.11. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Marriott International had a return on equity of 181.84% and a net margin of 6.07%. On average, equities research analysts forecast that Marriott International Inc will post 5.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.92 annualized dividend and a dividend yield of 2.02%. Marriott International’s dividend payout ratio (DPR) is currently 32.00%.
Marriott International 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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