Andra AP fonden reduced its stake in Marriott International Inc (NASDAQ:MAR) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,200 shares of the company’s stock after selling 900 shares during the period. Andra AP fonden’s holdings in Marriott International were worth $3,134,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Wetherby Asset Management Inc. boosted its stake in Marriott International by 1.1% during the third quarter. Wetherby Asset Management Inc. now owns 8,552 shares of the company’s stock valued at $1,064,000 after buying an additional 89 shares during the period. Northstar Group Inc. boosted its stake in Marriott International by 4.8% during the third quarter. Northstar Group Inc. now owns 1,956 shares of the company’s stock valued at $243,000 after buying an additional 90 shares during the period. Zeke Capital Advisors LLC boosted its stake in Marriott International by 1.7% during the second quarter. Zeke Capital Advisors LLC now owns 5,383 shares of the company’s stock valued at $755,000 after buying an additional 92 shares during the period. NEXT Financial Group Inc boosted its stake in Marriott International by 19.7% during the third quarter. NEXT Financial Group Inc now owns 595 shares of the company’s stock valued at $74,000 after buying an additional 98 shares during the period. Finally, Baxter Bros Inc. boosted its stake in Marriott International by 0.7% during the second quarter. Baxter Bros Inc. now owns 14,925 shares of the company’s stock valued at $2,094,000 after buying an additional 100 shares during the period. 60.94% of the stock is owned by hedge funds and other institutional investors.
MAR has been the subject of several research analyst reports. Deutsche Bank reissued a “hold” rating and set a $123.00 price objective on shares of Marriott International in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price target on Marriott International from $134.00 to $128.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Sanford C. Bernstein assumed coverage on Marriott International in a research report on Wednesday, September 11th. They set a “market perform” rating and a $136.00 price target on the stock. Nomura lowered their price target on Marriott International from $181.00 to $165.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, ValuEngine upgraded Marriott International from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Thirteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Marriott International has a consensus rating of “Hold” and a consensus price target of $135.50.
Marriott International (NASDAQ:MAR) last released its quarterly 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). Marriott International had a net margin of 6.28% and a return on equity of 134.91%. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts expect that Marriott International Inc will post 5.9 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, November 21st will be issued a $0.48 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.37%. Marriott International’s dividend payout ratio is currently 30.92%.
In other news, Director Argiris Kyriakidis sold 1,100 shares of Marriott International stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $134.21, for a total value of $147,631.00. Following the transaction, the director now owns 14,108 shares in the company, valued at $1,893,434.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George Munoz sold 4,866 shares of Marriott International stock in a transaction dated 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 owns 6,754 shares in the company, valued at approximately $902,401.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,566 shares of company stock worth $1,299,227. Company insiders own 12.60% of the company’s stock.
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.
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