Mutual of America Capital Management LLC trimmed its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 2.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,852 shares of the company’s stock after selling 1,010 shares during the period. Mutual of America Capital Management LLC’s holdings in Marriott International were worth $5,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in Marriott International during the 2nd quarter worth $271,000. Alps Advisors Inc. purchased a new position in Marriott International during the 2nd quarter worth $684,000. Victory Capital Management Inc. boosted its holdings in Marriott International by 10.7% during the 2nd quarter. Victory Capital Management Inc. now owns 30,464 shares of the company’s stock worth $3,857,000 after acquiring an additional 2,953 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Marriott International during the 2nd quarter worth $3,934,000. Finally, Sei Investments Co. boosted its holdings in Marriott International by 1.1% during the 2nd quarter. Sei Investments Co. now owns 175,576 shares of the company’s stock worth $22,228,000 after acquiring an additional 1,974 shares during the last quarter. 63.48% of the stock is owned by institutional investors.
In other Marriott International news, Director Eric Hippeau sold 9,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $116.23, for a total transaction of $1,046,070.00. Following the sale, the director now directly owns 21,762 shares of the company’s stock, valued at $2,529,397.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.99% of the stock is owned by corporate insiders.
A number of equities analysts recently weighed in on MAR shares. Cowen started coverage on shares of Marriott International in a report on Monday, October 22nd. They issued an “outperform” rating and a $140.00 price target on the stock. Longbow Research started coverage on shares of Marriott International in a report on Friday, September 7th. They issued a “buy” rating and a $156.00 price target on the stock. Raymond James cut their price target on shares of Marriott International from $140.00 to $137.00 and set a “buy” rating on the stock in a report on Thursday, November 8th. Zacks Investment Research downgraded shares of Marriott International from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Finally, SunTrust Banks cut their price target on shares of Marriott International to $125.00 and set a “hold” rating on the stock in a report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $139.80.
NASDAQ MAR opened at $111.25 on Friday. The stock has a market cap of $39.34 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. Marriott International Inc has a 52 week low of $106.96 and a 52 week high of $149.21. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 3.75.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 5th. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.39. The business had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.28 billion. Marriott International had a net margin of 7.95% and a return on equity of 68.01%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, analysts anticipate that Marriott International Inc will post 6.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.47%. The ex-dividend date is Tuesday, November 20th. Marriott International’s dividend payout ratio (DPR) 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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