AMP Capital Investors Ltd reduced its holdings in Marriott International Inc (NASDAQ:MAR) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,625 shares of the company’s stock after selling 5,444 shares during the period. AMP Capital Investors Ltd’s holdings in Marriott International were worth $16,373,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Valeo Financial Advisors LLC increased its stake in Marriott International by 367.1% in the fourth quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock valued at $100,000 after purchasing an additional 580 shares in the last quarter. Grove Bank & Trust increased its stake in Marriott International by 214.8% in the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after purchasing an additional 840 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Marriott International by 66.2% in the third quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock valued at $163,000 after purchasing an additional 590 shares in the last quarter. KCS Wealth Advisory bought a new stake in Marriott International in the fourth quarter valued at approximately $201,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Marriott International in the fourth quarter valued at approximately $204,000. Institutional investors and hedge funds own 65.60% of the company’s stock.
MAR has been the subject of several research reports. BidaskClub raised shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Royal Bank of Canada increased their price objective on shares of Marriott International to $159.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. ValuEngine raised shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Susquehanna Bancshares reissued a “positive” rating and set a $161.00 price objective (up previously from $145.00) on shares of Marriott International in a research report on Tuesday, February 13th. Finally, Morgan Stanley reissued a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $122.38.
Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $5.61 billion. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. equities analysts forecast that Marriott International Inc will post 5.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Thursday, February 22nd. Marriott International’s dividend payout ratio (DPR) is currently 25.48%.
In other Marriott International news, insider Stephen Blake Marriott sold 1,000 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $143.83, for a total value of $143,830.00. Following the completion of the sale, the insider now owns 144,601 shares in the company, valued at $20,797,961.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Rodriguez sold 7,600 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $133.09, for a total transaction of $1,011,484.00. Following the completion of the sale, the insider now owns 13,624 shares of the company’s stock, valued at approximately $1,813,218.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,547 shares of company stock valued at $18,404,198. 11.32% of the stock is owned by insiders.
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Marriott International Company Profile
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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