Nisa Investment Advisors LLC lifted its stake in shares of Marriott International Inc (NASDAQ:MAR) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Advisory Services Network LLC lifted its position in Marriott International by 1,490.1% during the second quarter. Advisory Services Network LLC now owns 1,129 shares of the company’s stock worth $113,000 after buying an additional 1,058 shares during the period. First Quadrant L P CA purchased a new position in shares of Marriott International in the 3rd quarter worth about $136,000. Grove Bank & Trust raised its holdings 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 worth $136,000 after purchasing an additional 840 shares during the period. Carroll Financial Associates Inc. raised its holdings 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 worth $147,000 after purchasing an additional 843 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Marriott International by 28.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 1,572 shares of the company’s stock worth $158,000 after purchasing an additional 345 shares during the period. 66.68% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Deborah Marriott Harrison sold 130,000 shares of Marriott International stock in a transaction on Friday, November 10th. The stock was sold at an average price of $119.17, for a total value of $15,492,100.00. Following the transaction, the insider now directly owns 114,155 shares in the company, valued at approximately $13,603,851.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig S. Smith sold 5,840 shares of Marriott International stock in a transaction on Friday, December 28th. The stock was sold at an average price of $136.26, for a total value of $795,758.40. Following the completion of the transaction, the insider now owns 26,317 shares in the company, valued at $3,585,954.42. The disclosure for this sale can be found here. Insiders sold a total of 221,825 shares of company stock worth $27,378,820 in the last three months. Company insiders own 11.32% of the company’s stock.
Shares of Marriott International Inc (NASDAQ MAR) traded down $4.83 during trading on Monday, reaching $136.34. The company’s stock had a trading volume of 2,897,343 shares, compared to its average volume of 2,285,870. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.83. The company has a market cap of $51,467.94, a P/E ratio of 37.05, a P/E/G ratio of 2.29 and a beta of 1.35. Marriott International Inc has a 52-week low of $85.20 and a 52-week high of $149.21.
Marriott International (NASDAQ:MAR) last announced its earnings results on Tuesday, November 7th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.12. Marriott International had a return on equity of 31.58% and a net margin of 6.30%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 43.7% on a year-over-year basis. equities research analysts predict that Marriott International Inc will post 4.24 earnings per share for the current year.
Marriott International declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 9th that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
MAR has been the topic of several analyst reports. BidaskClub upgraded Marriott International from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating and set a $98.00 target price on shares of Marriott International in a report on Thursday, October 12th. Robert W. Baird set a $103.00 price objective on Marriott International and gave the company a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Thursday, October 26th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Marriott International in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Marriott International presently has an average rating of “Buy” and a consensus price target of $117.21.
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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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