Nisa Investment Advisors LLC increased its stake in shares of Marriott International Inc (NASDAQ:MAR) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,656 shares of the company’s stock after purchasing an additional 6,360 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Marriott International were worth $13,798,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of MAR. Advisory Services Network LLC lifted its stake 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 valued at $113,000 after acquiring an additional 1,058 shares during the last quarter. Grove Bank & Trust lifted its stake in Marriott International by 214.8% in the third 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. First Quadrant L P CA acquired a new stake in Marriott International in the third quarter valued at approximately $136,000. Carroll Financial Associates Inc. lifted its stake in Marriott International by 175.6% in the third 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. Finally, Advisors Asset Management Inc. lifted its stake in Marriott International by 66.2% in the third quarter. Advisors Asset Management Inc. now owns 1,481 shares of the company’s stock valued at $163,000 after acquiring an additional 590 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.
A number of analysts have issued reports on MAR shares. Deutsche Bank reiterated a “hold” rating and issued a $124.00 target price on shares of Marriott International in a research note on Wednesday, December 6th. SunTrust Banks boosted their price objective on shares of Marriott International to $108.00 and gave the stock a “hold” rating in a research note on Thursday, November 9th. BidaskClub upgraded shares of Marriott International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 12th. Robert W. Baird boosted their price objective on shares of Marriott International from $111.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Finally, Sanford C. Bernstein cut shares of Marriott International from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $112.62.
Marriott International Inc (NASDAQ:MAR) opened at $139.78 on Friday. Marriott International Inc has a 52-week low of $81.93 and a 52-week high of $140.26. The stock has a market cap of $50,960.00, a price-to-earnings ratio of 37.98, a P/E/G ratio of 2.31 and a beta of 1.35. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.52 and a current ratio of 0.52.
Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.12. Marriott International had a net margin of 6.30% and a return on equity of 31.58%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Marriott International’s revenue was up 43.7% compared to the same quarter last year. analysts expect that Marriott International Inc will post 4.24 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, November 22nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, November 21st. Marriott International’s dividend payout ratio (DPR) is currently 35.87%.
Marriott International announced that its Board of Directors has initiated a stock buyback 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. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other Marriott International news, insider Craig S. Smith sold 5,840 shares of the business’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $136.26, for a total value of $795,758.40. Following the sale, the insider now owns 26,317 shares of the company’s stock, valued at approximately $3,585,954.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Deborah Marriott Harrison sold 130,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $119.17, for a total transaction of $15,492,100.00. Following the completion of the sale, the insider now directly owns 114,155 shares in the company, valued at approximately $13,603,851.35. The disclosure for this sale can be found here. Insiders have sold 221,825 shares of company stock worth $27,378,820 in the last ninety days. 11.32% of the stock is currently owned by insiders.
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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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