Alliancebernstein L.P. grew its holdings in shares of Marriott International (NASDAQ:MAR) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 556,862 shares of the company’s stock after purchasing an additional 25,084 shares during the quarter. Alliancebernstein L.P. owned about 0.15% of Marriott International worth $75,583,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in shares of Marriott International by 0.8% during the 3rd quarter. California Public Employees Retirement System now owns 823,377 shares of the company’s stock valued at $90,786,000 after purchasing an additional 6,837 shares in the last quarter. Rockefeller Financial Services Inc. raised its holdings in Marriott International by 2,222.2% in the 4th quarter. Rockefeller Financial Services Inc. now owns 41,800 shares of the company’s stock worth $5,674,000 after acquiring an additional 40,000 shares during the period. Wells Fargo & Company MN raised its holdings in Marriott International by 3.7% in the 3rd quarter. Wells Fargo & Company MN now owns 1,305,913 shares of the company’s stock worth $143,989,000 after acquiring an additional 46,517 shares during the period. Carderock Capital Management Inc. raised its holdings in Marriott International by 7.9% in the 3rd quarter. Carderock Capital Management Inc. now owns 11,397 shares of the company’s stock worth $1,257,000 after acquiring an additional 839 shares during the period. Finally, Cbre Clarion Securities LLC bought a new position in Marriott International in the 4th quarter worth $104,785,000. Institutional investors and hedge funds own 65.69% of the company’s stock.
Shares of NASDAQ:MAR traded down $3.91 on Monday, hitting $132.07. 3,141,275 shares of the company were exchanged, compared to its average volume of 2,305,643. Marriott International has a one year low of $90.00 and a one year high of $149.21. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $48,531.22, a price-to-earnings ratio of 30.29, a PEG ratio of 2.42 and a beta of 1.35.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.12. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. equities analysts predict that Marriott International will post 5.33 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.32 annualized dividend and a dividend yield of 1.00%. Marriott International’s payout ratio is 30.28%.
In other news, insider Craig S. Smith sold 14,422 shares of Marriott International stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $140.80, for a total transaction of $2,030,617.60. Following the sale, the insider now directly owns 34,899 shares in the company, valued at approximately $4,913,779.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Deborah Marriott Harrison sold 80,000 shares of Marriott International stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $140.94, for a total transaction of $11,275,200.00. Following the sale, the insider now owns 116,092 shares in the company, valued at $16,362,006.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,422 shares of company stock worth $13,449,648. Insiders own 11.32% of the company’s stock.
Several research analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Marriott International to $159.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Susquehanna Bancshares reiterated a “positive” rating and issued a $161.00 target price (up previously from $145.00) on shares of Marriott International in a report on Tuesday, February 13th. Morgan Stanley reiterated a “buy” rating on shares of Marriott International in a report on Friday, December 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $132.00 target price on shares of Marriott International in a report on Tuesday, January 9th. Finally, Deutsche Bank lifted their target price on shares of Marriott International from $136.00 to $141.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $124.41.
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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