Capital Growth Management LP acquired a new position in shares of Marriott International Inc (NASDAQ:MAR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 340,000 shares of the company’s stock, valued at approximately $46,233,000. Marriott International makes up approximately 2.1% of Capital Growth Management LP’s investment portfolio, making the stock its 15th largest position. Capital Growth Management LP owned about 0.10% of Marriott International as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of MAR. Valeo Financial Advisors LLC grew 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 valued at $100,000 after acquiring an additional 580 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of Marriott International in the fourth quarter valued at approximately $128,000. Signaturefd LLC bought a new position in shares of Marriott International in the first quarter valued at approximately $133,000. Newport Wealth Strategies Inc. bought a new position in shares of Marriott International in the fourth quarter valued at approximately $206,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Marriott International in the fourth quarter valued at approximately $204,000. 63.95% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:MAR opened at $137.97 on Monday. The firm has a market cap of $48.75 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 2.17 and a beta of 1.36. Marriott International Inc has a 1 year low of $96.90 and a 1 year high of $149.21. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.20.
Marriott International (NASDAQ:MAR) last posted its earnings results on Tuesday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.12. The firm had revenue of $5.01 billion for 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 business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 earnings per share. analysts predict that Marriott International Inc will post 5.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, May 18th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, May 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.19%. This is an increase from Marriott International’s previous quarterly dividend of $0.33. Marriott International’s dividend payout ratio is currently 37.61%.
In other Marriott International news, Director Mary K. Bush sold 2,184 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $138.84, for a total transaction of $303,226.56. Following the sale, the director now owns 275 shares in the company, valued at $38,181. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig S. Smith sold 14,422 shares of the stock in a transaction 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 sale, the insider now owns 34,899 shares in the company, valued at approximately $4,913,779.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,606 shares of company stock worth $2,477,674. Company insiders own 12.99% of the company’s stock.
Several equities analysts have recently issued reports on the company. Deutsche Bank reaffirmed a “hold” rating and issued a $141.00 target price on shares of Marriott International in a report on Thursday, May 10th. Royal Bank of Canada upped their target price on Marriott International to $159.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $156.00 price objective on the stock in a research note on Tuesday, May 15th. Evercore ISI upgraded Marriott International from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $146.00 to $155.00 in a research note on Thursday, May 17th. Finally, Susquehanna Bancshares reiterated a “positive” rating and issued a $161.00 price objective (up previously from $145.00) on shares of Marriott International in a research note on Tuesday, February 13th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $133.15.
Marriott International 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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