Chicago Equity Partners LLC trimmed its holdings in Marriott International (NASDAQ:MAR) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,775 shares of the company’s stock after selling 2,175 shares during the quarter. Chicago Equity Partners LLC’s holdings in Marriott International were worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Rockefeller Financial Services Inc. raised its stake in Marriott International by 2,222.2% during the 4th quarter. Rockefeller Financial Services Inc. now owns 41,800 shares of the company’s stock worth $5,674,000 after buying an additional 40,000 shares during the period. Cbre Clarion Securities LLC acquired a new position in Marriott International during the 4th quarter worth approximately $104,785,000. Bank of Montreal Can raised its stake in Marriott International by 27.1% during the 4th quarter. Bank of Montreal Can now owns 278,596 shares of the company’s stock worth $37,814,000 after buying an additional 59,347 shares during the period. Sandy Spring Bank raised its stake in Marriott International by 17.1% during the 4th quarter. Sandy Spring Bank now owns 29,186 shares of the company’s stock worth $3,962,000 after buying an additional 4,264 shares during the period. Finally, Nicholas Hoffman & Company LLC. acquired a new position in Marriott International during the 4th quarter worth approximately $226,000. 64.93% of the stock is currently owned by institutional investors.
MAR has been the topic of a number of research reports. Zacks Investment Research raised Marriott International from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research note on Friday, January 19th. ValuEngine raised Marriott International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Deutsche Bank reaffirmed a “hold” rating and set a $141.00 price target on shares of Marriott International in a research note on Thursday, May 10th. Robert W. Baird reaffirmed a “hold” rating and set a $138.00 price target on shares of Marriott International in a research note on Thursday, April 19th. Finally, Evercore ISI raised Marriott International from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $146.00 to $155.00 in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $133.15.
Shares of Marriott International opened at $138.29 on Friday, MarketBeat.com reports. The company has a market capitalization of $49.07 billion, a PE ratio of 31.72, a P/E/G ratio of 2.19 and a beta of 1.36. Marriott International has a 52 week low of $138.61 and a 52 week high of $139.51. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.49 and a quick ratio of 0.49.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.22 by $0.12. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.78 billion. Marriott International had a return on equity of 41.82% and a net margin of 6.29%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. equities research analysts predict that Marriott International will post 5.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, May 18th will be paid a $0.41 dividend. The ex-dividend date is Thursday, May 17th. This is an increase from Marriott International’s previous quarterly dividend of $0.33. This represents a $1.64 annualized dividend and a dividend yield of 1.19%. Marriott International’s dividend payout ratio is 30.28%.
In other news, insider Deborah Marriott Harrison sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $140.94, for a total value of $11,275,200.00. Following the completion of the transaction, the insider now directly owns 116,092 shares of the company’s stock, valued at $16,362,006.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab bought 250 shares of Marriott International stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average cost of $141.47 per share, with a total value of $35,367.50. The disclosure for this purchase can be found here. Over the last three months, insiders sold 97,606 shares of company stock valued at $13,752,874. Company insiders own 12.99% of the company’s stock.
About Marriott International
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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