Capital Management Associates NY Buys 1,300 Shares of Marriott International, Inc. (NASDAQ:MAR)


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Capital Management Associates NY raised its stake in Marriott International, Inc. (NASDAQ:MAR) by 20.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,615 shares of the company’s stock after acquiring an additional 1,300 shares during the quarter. Capital Management Associates NY’s holdings in Marriott International were worth $1,005,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jeppson Wealth Management LLC bought a new stake in shares of Marriott International during the third quarter worth $30,000. Trustcore Financial Services LLC grew its holdings in shares of Marriott International by 689.7% during the fourth quarter. Trustcore Financial Services LLC now owns 229 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Chiron Capital Management LLC bought a new stake in shares of Marriott International during the third quarter worth $35,000. Perpetual Ltd bought a new stake in shares of Marriott International during the third quarter worth $37,000. Finally, Exane Derivatives acquired a new position in shares of Marriott International during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 57.71% of the company’s stock.

MAR has been the topic of several research reports. Morgan Stanley upped their price target on Marriott International from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Marriott International from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $150.00 in a research note on Tuesday, December 15th. Smith Barney Citigroup raised Marriott International from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. Zacks Investment Research lowered Marriott International from a “hold” rating to a “sell” rating and set a $98.00 target price on the stock. in a research note on Tuesday, November 3rd. Finally, Barclays increased their target price on Marriott International from $108.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, November 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Marriott International presently has an average rating of “Hold” and a consensus target price of $122.00.

Shares of MAR traded up $2.63 during midday trading on Tuesday, hitting $145.19. The company’s stock had a trading volume of 138,155 shares, compared to its average volume of 2,504,360. Marriott International, Inc. has a one year low of $46.56 and a one year high of $145.43. The company’s fifty day simple moving average is $126.60 and its two-hundred day simple moving average is $113.42. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 42.27. The stock has a market capitalization of $47.09 billion, a price-to-earnings ratio of 268.99 and a beta of 1.83.

Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Thursday, February 18th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Marriott International had a return on equity of 188.71% and a net margin of 1.28%. During the same quarter last year, the company posted $1.57 EPS. On average, research analysts predict that Marriott International, Inc. will post -0.22 earnings per share for the current year.

In other Marriott International news, insider William P. Brown sold 4,000 shares of the company’s stock in a transaction dated Friday, December 4th. The stock was sold at an average price of $133.51, for a total value of $534,040.00. Following the sale, the insider now owns 10,284 shares in the company, valued at approximately $1,373,016.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig S. Smith sold 7,803 shares of the company’s stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of $132.32, for a total value of $1,032,492.96. Following the completion of the sale, the insider now owns 27,880 shares in the company, valued at approximately $3,689,081.60. The disclosure for this sale can be found here. Insiders have sold a total of 111,803 shares of company stock worth $14,438,533 in the last 90 days. 12.77% of the stock is currently owned by corporate insiders.

About Marriott International

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.

Further Reading: What are Closed-End Mutual Funds?

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Institutional Ownership by Quarter for Marriott International (NASDAQ:MAR)

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