Voloridge Investment Management LLC purchased a new stake in shares of Marriott International Inc (NASDAQ:MAR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 31,328 shares of the company’s stock, valued at approximately $3,896,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAR. Aperio Group LLC boosted its holdings in shares of Marriott International by 0.8% in the 2nd quarter. Aperio Group LLC now owns 224,463 shares of the company’s stock worth $31,490,000 after purchasing an additional 1,731 shares during the period. Lincoln Capital LLC boosted its holdings in shares of Marriott International by 14.7% in the 3rd quarter. Lincoln Capital LLC now owns 12,112 shares of the company’s stock worth $1,506,000 after purchasing an additional 1,552 shares during the period. Hancock Whitney Corp boosted its holdings in shares of Marriott International by 18.6% in the 2nd quarter. Hancock Whitney Corp now owns 2,944 shares of the company’s stock worth $413,000 after purchasing an additional 461 shares during the period. BB&T Corp boosted its holdings in shares of Marriott International by 11.8% in the 2nd quarter. BB&T Corp now owns 9,489 shares of the company’s stock worth $1,332,000 after purchasing an additional 1,001 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Marriott International by 618.3% in the 2nd quarter. AQR Capital Management LLC now owns 27,599 shares of the company’s stock worth $3,872,000 after purchasing an additional 23,757 shares during the period. Institutional investors and hedge funds own 60.94% of the company’s stock.
A number of equities analysts recently issued reports on MAR shares. Sanford C. Bernstein started coverage on Marriott International in a report on Wednesday, September 11th. They set a “market perform” rating and a $136.00 price objective for the company. Cowen set a $140.00 price objective on Marriott International and gave the company a “buy” rating in a report on Wednesday, October 9th. Nomura dropped their price objective on Marriott International from $181.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on Marriott International from $146.00 to $148.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, BMO Capital Markets restated a “hold” rating and set a $128.00 price objective on shares of Marriott International in a report on Wednesday, November 6th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $135.50.
Marriott International (NASDAQ:MAR) last issued its earnings results on Monday, November 4th. The company reported $1.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.02). The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.14 billion. Marriott International had a net margin of 6.28% and a return on equity of 134.91%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $1.70 earnings per share. On average, research analysts expect that Marriott International Inc will post 5.9 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 21st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, November 20th. Marriott International’s dividend payout ratio (DPR) is presently 30.92%.
In other news, Director George Munoz sold 4,866 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $133.61, for a total value of $650,146.26. Following the completion of the transaction, the director now directly owns 6,754 shares of the company’s stock, valued at approximately $902,401.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Argiris Kyriakidis sold 2,100 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $137.75, for a total value of $289,275.00. Following the completion of the transaction, the director now directly owns 12,008 shares of the company’s stock, valued at $1,654,102. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,066 shares of company stock valued at $1,087,052. 12.60% of the stock is currently owned by corporate insiders.
Marriott International Company 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.
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