Global X Management Co. LLC lowered its stake in Marriott International Inc (NASDAQ:MAR) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,412 shares of the company’s stock after selling 1,985 shares during the quarter. Global X Management Co. LLC’s holdings in Marriott International were worth $1,820,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC lifted its holdings in Marriott International by 1,490.1% in the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after purchasing an additional 1,058 shares during the period. First Quadrant L P CA acquired a new stake in Marriott International in the third quarter worth about $136,000. Grove Bank & Trust lifted its holdings in Marriott International by 214.8% in the third quarter. Grove Bank & Trust now owns 1,231 shares of the company’s stock worth $136,000 after purchasing an additional 840 shares during the period. Carroll Financial Associates Inc. lifted its holdings in Marriott International by 175.6% in the third quarter. Carroll Financial Associates Inc. now owns 1,323 shares of the company’s stock worth $147,000 after purchasing an additional 843 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Marriott International by 66.2% in the third quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock worth $163,000 after purchasing an additional 590 shares during the period. 66.62% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the stock. Deutsche Bank upped their price target on shares of Marriott International from $136.00 to $141.00 and gave the company a “hold” rating in a report on Friday. Susquehanna Bancshares reissued a “positive” rating and issued a $161.00 price target (up from $145.00) on shares of Marriott International in a report on Tuesday, February 13th. Barclays upped their price target on shares of Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, November 28th. Stifel Nicolaus reissued a “hold” rating and issued a $115.00 price target (up from $98.00) on shares of Marriott International in a report on Wednesday, November 8th. Finally, BidaskClub downgraded shares of Marriott International from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $122.38.
Shares of Marriott International Inc (MAR) opened at $138.50 on Friday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $49,505.03, a PE ratio of 31.77, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. Marriott International Inc has a twelve month low of $85.63 and a twelve month high of $149.21.
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 Thomson Reuters’ consensus estimate of $1.00 by $0.12. The firm had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.61 billion. Marriott International had a return on equity of 34.05% and a net margin of 5.99%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. equities analysts expect that Marriott International Inc will post 5.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.32 annualized dividend and a yield of 0.95%. Marriott International’s payout ratio is presently 36.67%.
Marriott International declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 9th that allows the company to repurchase 30,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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Marriott International 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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