The Manufacturers Life Insurance Company boosted its position in Marriott International Inc (NASDAQ:MAR) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 386,605 shares of the company’s stock after purchasing an additional 61,988 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Marriott International were worth $52,474,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in MAR. Advisory Services Network LLC raised its stake in Marriott International by 1,490.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock valued at $113,000 after purchasing an additional 1,058 shares during the period. First Quadrant L P CA bought a new stake in Marriott International during the 3rd quarter valued at approximately $136,000. Grove Bank & Trust raised its stake in Marriott International by 214.8% during the 3rd quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock valued at $136,000 after purchasing an additional 840 shares during the period. Carroll Financial Associates Inc. raised its stake in Marriott International by 175.6% during the 3rd quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock valued at $147,000 after purchasing an additional 843 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Marriott International by 66.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock valued at $163,000 after purchasing an additional 590 shares during the period. 66.19% of the stock is currently owned by institutional investors and hedge funds.
Marriott International Inc (MAR) opened at $138.50 on Monday. The company has a market capitalization of $49,505.07, a P/E ratio of 31.77, a PEG ratio of 2.19 and a beta of 1.35. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 2.10. Marriott International Inc has a 1-year low of $85.63 and a 1-year high of $149.21.
Marriott International (NASDAQ:MAR) last announced its earnings results on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.12. The firm had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Marriott International had a return on equity of 36.15% and a net margin of 5.99%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. research analysts forecast that Marriott International Inc will post 5.3 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, February 22nd. Marriott International’s payout ratio is currently 36.67%.
Marriott International announced that its Board of Directors has authorized a share buyback plan on Thursday, November 9th that permits the company to buyback 30,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
MAR has been the topic of several recent analyst reports. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a research note on Friday, January 19th. Royal Bank of Canada reissued a “buy” rating on shares of Marriott International in a research note on Tuesday, November 7th. Morgan Stanley reissued a “buy” rating on shares of Marriott International in a research note on Friday, December 8th. Sanford C. Bernstein downgraded Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. Finally, BidaskClub raised Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $122.38.
In related news, insider Argiris Kyriakidis sold 4,605 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $126.33, for a total transaction of $581,749.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig S. Smith sold 5,840 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $136.26, for a total value of $795,758.40. Following the transaction, the insider now owns 26,317 shares of the company’s stock, valued at approximately $3,585,954.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,579 shares of company stock valued at $9,158,125. 11.32% of the stock is owned by company insiders.
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.
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).
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.