Stifel Financial Corp trimmed its holdings in shares of Marriott International Inc (NASDAQ:MAR) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,305 shares of the company’s stock after selling 3,216 shares during the quarter. Stifel Financial Corp’s holdings in Marriott International were worth $19,221,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of MAR. Advisory Services Network LLC lifted its stake in shares of Marriott International by 1,490.1% in the 2nd quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after acquiring an additional 1,058 shares during the last quarter. Baker Ellis Asset Management LLC bought a new stake in shares of Marriott International in the 2nd quarter valued at about $133,000. First Quadrant L P CA bought a new stake in shares of Marriott International in the 3rd quarter valued at about $136,000. Grove Bank & Trust lifted its stake in shares of Marriott International by 214.8% in the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after acquiring an additional 840 shares during the last quarter. Finally, Carroll Financial Associates Inc. lifted its stake in shares of Marriott International by 175.6% in the 3rd quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after acquiring an additional 843 shares during the last quarter. Institutional investors and hedge funds own 66.83% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Marriott International from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. UBS restated a “neutral” rating and set a $101.00 price target (up previously from $98.00) on shares of Marriott International in a report on Monday, August 14th. Barclays boosted their price target on Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, November 28th. J P Morgan Chase & Co restated an “overweight” rating and set a $113.00 price target (up previously from $111.00) on shares of Marriott International in a report on Wednesday, August 9th. Finally, BidaskClub downgraded Marriott International from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $110.09.
In related news, EVP Stephanie Linnartz sold 8,333 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $122.82, for a total value of $1,023,459.06. Following the transaction, the executive vice president now directly owns 28,263 shares of the company’s stock, valued at approximately $3,471,261.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Argiris Kyriakidis sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $121.55, for a total value of $303,875.00. Following the completion of the transaction, the insider now directly owns 13,579 shares in the company, valued at $1,650,527.45. The disclosure for this sale can be found here. Insiders sold a total of 185,487 shares of company stock worth $22,005,029 in the last 90 days. 11.32% of the stock is currently owned by company insiders.
Marriott International Inc (MAR) opened at $127.30 on Thursday. Marriott International Inc has a twelve month low of $81.04 and a twelve month high of $129.56. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $46,495.05, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35.
Marriott International (NASDAQ:MAR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.12. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.22 billion. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The firm’s quarterly revenue was up 43.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 EPS. sell-side analysts expect that Marriott International Inc will post 4.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 22nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.32 annualized dividend and a dividend yield of 1.04%. Marriott International’s payout ratio is currently 35.87%.
Marriott International declared that its board has initiated a stock repurchase plan on Thursday, November 9th that allows the company to repurchase 30,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Marriott International Company Profile
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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