State of Wisconsin Investment Board lifted its stake in Marriott International Inc (NASDAQ:MAR) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 283,534 shares of the company’s stock after purchasing an additional 1,519 shares during the quarter. State of Wisconsin Investment Board’s holdings in Marriott International were worth $38,484,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its position in shares of Marriott International by 11.3% in the 4th quarter. Toronto Dominion Bank now owns 132,526 shares of the company’s stock valued at $17,988,000 after purchasing an additional 13,471 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Marriott International by 19.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 386,605 shares of the company’s stock valued at $52,474,000 after purchasing an additional 61,988 shares during the period. First Trust Advisors LP boosted its position in shares of Marriott International by 13.1% in the 4th quarter. First Trust Advisors LP now owns 223,326 shares of the company’s stock valued at $30,312,000 after purchasing an additional 25,880 shares during the period. Greenleaf Trust boosted its position in shares of Marriott International by 430.9% in the 4th quarter. Greenleaf Trust now owns 1,943 shares of the company’s stock valued at $264,000 after purchasing an additional 1,577 shares during the period. Finally, Willingdon Wealth Management boosted its position in shares of Marriott International by 4.0% in the 4th quarter. Willingdon Wealth Management now owns 26,272 shares of the company’s stock valued at $3,566,000 after purchasing an additional 1,005 shares during the period. Institutional investors and hedge funds own 66.62% of the company’s stock.
In other news, EVP Anthony Capuano sold 19,510 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $133.51, for a total transaction of $2,604,780.10. Following the completion of the sale, the executive vice president now directly owns 23,159 shares of the company’s stock, valued at approximately $3,091,958.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephanie Linnartz sold 5,113 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $128.96, for a total value of $659,372.48. Following the sale, the executive vice president now directly owns 28,263 shares of the company’s stock, valued at $3,644,796.48. The disclosure for this sale can be found here. Insiders have sold a total of 74,442 shares of company stock valued at $9,770,766 over the last ninety days. Company insiders own 11.32% of the company’s stock.
Shares of Marriott International Inc (NASDAQ MAR) opened at $138.50 on Friday. Marriott International Inc has a 1 year low of $85.63 and a 1 year high of $149.21. The company has a market capitalization of $49,505.03, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.19 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 quarterly earnings data on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.12. Marriott International had a return on equity of 34.05% and a net margin of 5.99%. The firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same period last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts predict that Marriott International Inc will post 5.3 earnings per share for the current fiscal year.
Marriott International announced that its board has authorized a share buyback program on Thursday, November 9th that permits the company to buyback 30,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, February 22nd. Marriott International’s dividend payout ratio (DPR) is presently 36.67%.
MAR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a research report on Friday, January 19th. Stifel Nicolaus reiterated a “hold” rating and issued a $132.00 price target on shares of Marriott International in a research report on Tuesday, January 9th. Sanford C. Bernstein lowered Marriott International from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 16th. BidaskClub lowered Marriott International from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Barclays raised their price objective on Marriott International from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $122.38.
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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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