Sentry Investment Management LLC cut its holdings in Marriott International Inc (NASDAQ:MAR) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,033 shares of the company’s stock after selling 1,259 shares during the period. Sentry Investment Management LLC’s holdings in Marriott International were worth $2,513,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Marshall Wace LLP boosted its holdings in Marriott International by 55.3% in the 2nd quarter. Marshall Wace LLP now owns 28,726 shares of the company’s stock valued at $3,637,000 after purchasing an additional 10,226 shares during the period. Korea Investment CORP boosted its holdings in Marriott International by 5.4% in the 2nd quarter. Korea Investment CORP now owns 124,060 shares of the company’s stock valued at $15,706,000 after purchasing an additional 6,400 shares during the period. Abner Herrman & Brock LLC boosted its holdings in Marriott International by 3.8% in the 3rd quarter. Abner Herrman & Brock LLC now owns 176,800 shares of the company’s stock valued at $23,343,000 after purchasing an additional 6,413 shares during the period. CenterStar Asset Management LLC purchased a new stake in shares of Marriott International during the 3rd quarter valued at $133,000. Finally, Fiduciary Group LLC purchased a new stake in shares of Marriott International during the 3rd quarter valued at $376,000. 62.03% of the stock is owned by institutional investors.
Several research firms have recently weighed in on MAR. Robert W. Baird set a $130.00 price objective on shares of Marriott International and gave the company a “hold” rating in a research report on Friday. Morgan Stanley lowered their price objective on shares of Marriott International from $138.00 to $123.00 and set a “hold” rating on the stock in a research report on Thursday. Raymond James lowered their price objective on shares of Marriott International from $140.00 to $137.00 and set a “buy” rating on the stock in a research report on Thursday. Jefferies Financial Group set a $124.00 price objective on shares of Marriott International and gave the company a “hold” rating in a research report on Wednesday. Finally, SunTrust Banks lowered their price objective on shares of Marriott International to $125.00 and set a “hold” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $140.93.
Marriott International stock opened at $117.04 on Friday. The firm has a market cap of $39.62 billion, a PE ratio of 19.72, a P/E/G ratio of 1.66 and a beta of 1.38. Marriott International Inc has a fifty-two week low of $106.96 and a fifty-two week high of $149.21. The company has a debt-to-equity ratio of 3.75, a quick ratio of 0.48 and a current ratio of 0.46.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 5th. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.39. The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 EPS. As a group, equities analysts forecast that Marriott International Inc will post 6.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, November 20th. Marriott International’s payout ratio is presently 37.61%.
Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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