Mariner LLC lifted its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 20.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,272 shares of the company’s stock after buying an additional 3,424 shares during the quarter. Mariner LLC’s holdings in Marriott International were worth $2,757,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in MAR. Valeo Financial Advisors LLC lifted its position in Marriott International by 367.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock valued at $100,000 after acquiring an additional 580 shares during the period. Wolverine Asset Management LLC bought a new stake in Marriott International during the 4th quarter valued at about $128,000. Signaturefd LLC bought a new stake in Marriott International during the 1st quarter valued at about $133,000. Newport Wealth Strategies Inc. bought a new stake in shares of Marriott International in the fourth quarter worth approximately $206,000. Finally, Cobblestone Capital Advisors LLC NY bought a new stake in shares of Marriott International in the fourth quarter worth approximately $213,000. Institutional investors own 63.89% of the company’s stock.
NASDAQ MAR opened at $126.60 on Friday. Marriott International Inc has a 52 week low of $96.90 and a 52 week high of $149.21. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $44.26 billion, a PE ratio of 29.04, a P/E/G ratio of 2.00 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.12. Marriott International had a return on equity of 41.82% and a net margin of 6.29%. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.78 billion. During the same period last year, the company earned $1.01 EPS. The company’s quarterly revenue was up 1.9% on a year-over-year basis. sell-side analysts expect that Marriott International Inc will post 5.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Friday, May 18th were given a dividend of $0.41 per share. The ex-dividend date was Thursday, May 17th. This is an increase from Marriott International’s previous quarterly dividend of $0.33. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.30%. Marriott International’s payout ratio is currently 37.61%.
In other Marriott International news, Director Mary K. Bush sold 2,184 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $138.84, for a total value of $303,226.56. Following the sale, the director now owns 275 shares of the company’s stock, valued at $38,181. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider B. Marriott Marital Tr Juliana sold 3,206 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $140.09, for a total value of $449,128.54. Following the completion of the sale, the insider now directly owns 457,996 shares in the company, valued at approximately $64,160,659.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,559 shares of company stock valued at $2,613,773. 12.99% of the stock is owned by company insiders.
MAR has been the subject of several recent research reports. BidaskClub lowered shares of Marriott International from a “buy” rating to a “hold” rating in a research report on Thursday. Evercore ISI raised shares of Marriott International from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $146.00 to $155.00 in a report on Thursday, May 17th. Deutsche Bank reaffirmed a “hold” rating and set a $141.00 price target on shares of Marriott International in a research note on Thursday, May 10th. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $138.00 price objective on shares of Marriott International in a research note on Thursday, April 19th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $134.50.
Marriott International 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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