Bridgeway Capital Management Inc. Cuts Position in Marriott International Inc (MAR)

Bridgeway Capital Management Inc. reduced its position in Marriott International Inc (NASDAQ:MAR) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,800 shares of the company’s stock after selling 7,300 shares during the quarter. Bridgeway Capital Management Inc.’s holdings in Marriott International were worth $7,763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its position in Marriott International by 2.0% in the second quarter. FMR LLC now owns 15,041,003 shares of the company’s stock valued at $1,904,190,000 after purchasing an additional 295,877 shares during the period. Jennison Associates LLC grew its stake in shares of Marriott International by 0.9% during the second quarter. Jennison Associates LLC now owns 11,347,439 shares of the company’s stock valued at $1,436,586,000 after acquiring an additional 97,194 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Marriott International by 43.7% during the second quarter. Janus Henderson Group PLC now owns 2,231,283 shares of the company’s stock valued at $282,481,000 after acquiring an additional 678,714 shares in the last quarter. Markel Corp grew its stake in shares of Marriott International by 1.1% during the third quarter. Markel Corp now owns 1,531,269 shares of the company’s stock valued at $202,173,000 after acquiring an additional 16,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Marriott International by 2.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,121,792 shares of the company’s stock valued at $142,019,000 after acquiring an additional 30,389 shares in the last quarter. 60.96% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the company. Robert W. Baird set a $133.00 target price on Marriott International and gave the company a “hold” rating in a research note on Friday, October 19th. Zacks Investment Research downgraded Marriott International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Morgan Stanley lowered their target price on Marriott International from $143.00 to $138.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 8th. BidaskClub upgraded Marriott International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Longbow Research assumed coverage on Marriott International in a research note on Friday, September 7th. They set a “buy” rating and a $156.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $140.00.

In related news, Director Eric Hippeau sold 9,000 shares of Marriott International stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $116.23, for a total value of $1,046,070.00. Following the completion of the transaction, the director now directly owns 21,762 shares in the company, valued at $2,529,397.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.99% of the stock is currently owned by company insiders.

NASDAQ:MAR opened at $121.84 on Friday. The stock has a market capitalization of $41.68 billion, a P/E ratio of 20.75, a PEG ratio of 1.71 and a beta of 1.38. Marriott International Inc has a one year low of $106.96 and a one year high of $149.21. The company has a debt-to-equity ratio of 3.75, a current ratio of 0.46 and a quick ratio of 0.46.

Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Monday, November 5th. The company reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.39. The business had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $5.28 billion. Marriott International had a return on equity of 68.01% and a net margin of 7.95%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. On average, analysts predict that Marriott International Inc will post 6.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 21st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.64 dividend on an annualized basis and a yield of 1.35%. Marriott International’s dividend payout ratio (DPR) is 37.61%.

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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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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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