Driehaus Capital Management LLC acquired a new stake in Marriott International (NASDAQ:MAR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,475 shares of the company’s stock, valued at approximately $336,000.
Several other institutional investors have also made changes to their positions in MAR. Valeo Financial Advisors LLC increased its holdings in shares of Marriott International by 367.1% in the fourth quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock worth $100,000 after purchasing an additional 580 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of 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 last quarter. Advisors Asset Management Inc. increased its holdings in shares of 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 last quarter. KCS Wealth Advisory bought a new stake in shares of Marriott International in the fourth quarter worth about $201,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Marriott International in the fourth quarter worth about $204,000. Institutional investors and hedge funds own 65.69% of the company’s stock.
Shares of MAR traded down $3.51 during mid-day trading on Friday, reaching $130.93. 2,625,495 shares of the company’s stock traded hands, compared to its average volume of 2,062,470. The stock has a market cap of $46,728.91, a price-to-earnings ratio of 30.03, a P/E/G ratio of 2.33 and a beta of 1.35. Marriott International has a 12 month low of $90.00 and a 12 month 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.
Marriott International (NASDAQ:MAR) last released its earnings results on Wednesday, February 14th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. The firm had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.61 billion. Marriott International had a return on equity of 36.15% and a net margin of 5.99%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. analysts predict that Marriott International will post 5.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.01%. Marriott International’s dividend payout ratio is 30.28%.
Several equities research analysts have recently issued reports on the company. Royal Bank of Canada lifted their target price on Marriott International to $159.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Deutsche Bank boosted their price objective on Marriott International from $136.00 to $141.00 and gave the stock a “hold” rating in a research note on Friday, February 16th. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price objective on the stock in a research note on Friday, January 19th. Susquehanna Bancshares reissued a “positive” rating and set a $161.00 price objective (up from $145.00) on shares of Marriott International in a research note on Tuesday, February 13th. Finally, ValuEngine raised Marriott International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $124.41.
In related news, insider Craig S. Smith sold 14,422 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $140.80, for a total value of $2,030,617.60. Following the completion of the sale, the insider now owns 34,899 shares in the company, valued at $4,913,779.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Blake Marriott sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 144,601 shares of the company’s stock, valued at approximately $20,797,961.83. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,422 shares of company stock worth $13,449,648. Insiders own 11.32% of the company’s stock.
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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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