Glenmede Trust Co. NA lifted its holdings in Marriott International (NASDAQ:MAR) by 8.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 767,639 shares of the company’s stock after purchasing an additional 59,680 shares during the period. Glenmede Trust Co. NA owned about 0.21% of Marriott International worth $104,190,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EP Wealth Advisors LLC bought a new stake in Marriott International during the 4th quarter worth approximately $223,000. LPL Financial LLC raised its stake in Marriott International by 5.6% during the 4th quarter. LPL Financial LLC now owns 38,671 shares of the company’s stock worth $5,249,000 after acquiring an additional 2,068 shares during the period. Millennium Management LLC raised its stake in Marriott International by 119.6% during the 4th quarter. Millennium Management LLC now owns 212,343 shares of the company’s stock worth $28,821,000 after acquiring an additional 115,666 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Marriott International by 24.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,494 shares of the company’s stock worth $3,189,000 after acquiring an additional 4,600 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in Marriott International by 3.2% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 172,274 shares of the company’s stock worth $23,381,000 after acquiring an additional 5,318 shares during the period. Institutional investors own 65.69% of the company’s stock.
Shares of MAR stock traded down $3.51 on Friday, reaching $130.93. The company’s stock had a trading volume of 2,625,495 shares, compared to its average volume of 2,062,470. Marriott International has a 1 year low of $90.00 and a 1 year high of $149.21. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $47,981.60, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.35.
Marriott International (NASDAQ:MAR) last posted its earnings results on Wednesday, February 14th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. Marriott International had a net margin of 5.99% and a return on equity of 36.15%. 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 firm posted $0.85 earnings per share. Marriott International’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts predict that Marriott International will post 5.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, February 23rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, February 22nd. Marriott International’s dividend payout ratio (DPR) is presently 30.28%.
A number of research firms have commented on MAR. Zacks Investment Research cut shares of Marriott International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine upgraded shares of Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Deutsche Bank lifted their price objective on shares of Marriott International from $136.00 to $141.00 and gave the company a “hold” rating in a research report on Friday, February 16th. Susquehanna Bancshares reiterated a “positive” rating and set a $161.00 price objective (up previously from $145.00) on shares of Marriott International in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada lifted their price objective on shares of Marriott International to $159.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $124.41.
In related news, insider Stephen Blake Marriott sold 1,000 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $143.83, for a total value of $143,830.00. Following the completion of the transaction, the insider now directly owns 144,601 shares of the company’s stock, valued at $20,797,961.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Deborah Marriott Harrison sold 80,000 shares of Marriott International stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $140.94, for a total transaction of $11,275,200.00. Following the transaction, the insider now directly owns 116,092 shares of the company’s stock, valued at $16,362,006.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,422 shares of company stock valued at $13,449,648. 11.32% of the stock is currently owned by insiders.
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Marriott International Company Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through three segments: North American Full-Service, North American Limited-Service, and Asia Pacific. It operates its properties under the JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.
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