Highland Private Wealth Management Takes Position in Marriott International Inc (MAR)

Highland Private Wealth Management acquired a new position in shares of Marriott International Inc (NASDAQ:MAR) during the first quarter, HoldingsChannel reports. The institutional investor acquired 1,878 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds have also made changes to their positions in the company. Zeke Capital Advisors LLC grew its holdings in Marriott International by 1.4% in the first quarter. Zeke Capital Advisors LLC now owns 5,291 shares of the company’s stock valued at $662,000 after purchasing an additional 75 shares during the last quarter. Wedbush Securities Inc. grew its holdings in Marriott International by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 2,048 shares of the company’s stock valued at $222,000 after purchasing an additional 100 shares during the last quarter. Duncker Streett & Co. Inc. grew its holdings in Marriott International by 2.3% in the first quarter. Duncker Streett & Co. Inc. now owns 4,498 shares of the company’s stock valued at $563,000 after purchasing an additional 100 shares during the last quarter. Signature Wealth Management Group grew its holdings in Marriott International by 2.3% in the fourth quarter. Signature Wealth Management Group now owns 4,529 shares of the company’s stock valued at $492,000 after purchasing an additional 101 shares during the last quarter. Finally, First Manhattan Co. boosted its stake in shares of Marriott International by 21.8% during the first quarter. First Manhattan Co. now owns 570 shares of the company’s stock valued at $71,000 after acquiring an additional 102 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. Wells Fargo & Co increased their price objective on Marriott International from $123.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. Morgan Stanley set a $117.00 price objective on Marriott International and gave the company a “hold” rating in a research note on Thursday, March 28th. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, Cowen reaffirmed a “buy” rating and set a $150.00 price objective on shares of Marriott International in a research note on Tuesday, February 26th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Marriott International has an average rating of “Hold” and a consensus target price of $136.29.



NASDAQ MAR opened at $127.00 on Tuesday. Marriott International Inc has a twelve month low of $100.62 and a twelve month high of $142.19. The stock has a market cap of $43.34 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.07 and a beta of 1.23. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.83.

Marriott International (NASDAQ:MAR) last released its earnings results on Friday, May 10th. The company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.07. Marriott International had a return on equity of 80.36% and a net margin of 8.74%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same period in the prior year, the business posted $1.34 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts anticipate that Marriott International Inc will post 6.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 24th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, May 23rd. This is an increase from Marriott International’s previous quarterly dividend of $0.41. This represents a $1.92 annualized dividend and a yield of 1.51%. Marriott International’s dividend payout ratio is 26.41%.

In other news, EVP Anthony Capuano sold 44,594 shares of the firm’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $125.13, for a total value of $5,580,047.22. Following the transaction, the executive vice president now directly owns 62,192 shares in the company, valued at approximately $7,782,084.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Arne M. Sorenson sold 63,726 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $124.15, for a total value of $7,911,582.90. Following the completion of the transaction, the chief executive officer now owns 750,500 shares in the company, valued at $93,174,575. The disclosure for this sale can be found here. Insiders have sold 136,730 shares of company stock worth $16,924,619 over the last quarter. 12.60% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://dakotafinancialnews.com/2019/05/14/highland-private-wealth-management-takes-position-in-marriott-international-inc-mar.html.

Marriott International Profile

Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.

Featured Article: The primary rules of Elliott Wave theory

Want to see what other hedge funds are holding MAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marriott International Inc (NASDAQ:MAR).

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

Receive News & Ratings for Marriott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott International and related companies with MarketBeat.com's FREE daily email newsletter.