Amundi Pioneer Asset Management Inc. grew its position in Marriott International Inc (NASDAQ:MAR) by 87.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,133 shares of the company’s stock after acquiring an additional 36,386 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Marriott International were worth $10,604,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of MAR. Alliancebernstein L.P. raised its stake in shares of Marriott International by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 556,862 shares of the company’s stock worth $75,583,000 after purchasing an additional 25,084 shares during the last quarter. USA Financial Portformulas Corp raised its stake in shares of Marriott International by 12.0% during the fourth quarter. USA Financial Portformulas Corp now owns 34,230 shares of the company’s stock worth $4,646,000 after purchasing an additional 3,675 shares during the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Marriott International during the fourth quarter worth approximately $241,000. Unio Capital LLC purchased a new stake in shares of Marriott International during the fourth quarter worth approximately $4,915,000. Finally, Polaris Greystone Financial Group LLC raised its stake in shares of Marriott International by 2.5% during the fourth quarter. Polaris Greystone Financial Group LLC now owns 220,080 shares of the company’s stock worth $29,871,000 after purchasing an additional 5,462 shares during the last quarter. 65.60% of the stock is owned by institutional investors and hedge funds.
Marriott International Inc (MAR) opened at $141.06 on Friday. Marriott International Inc has a 52-week low of $87.89 and a 52-week high of $149.21. The firm has a market capitalization of $50,659.59, a price-to-earnings ratio of 39.18, a PEG ratio of 2.52 and a beta of 1.35. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.46 and a quick ratio of 0.46.
Marriott International (NASDAQ:MAR) last announced its quarterly 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 return on equity of 36.15% and a net margin of 5.99%. The business had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. sell-side analysts forecast that Marriott International Inc will post 5.33 EPS for the current year.
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 given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, February 22nd. Marriott International’s dividend payout ratio is currently 36.67%.
Several equities research analysts have recently commented on MAR shares. 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 note on Friday, January 19th. Morgan Stanley reiterated a “buy” rating on shares of Marriott International in a research report on Friday, December 8th. BidaskClub upgraded Marriott International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Royal Bank of Canada increased their price objective on Marriott International to $159.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Finally, Deutsche Bank increased their price objective on Marriott International from $136.00 to $141.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $122.38.
In other news, EVP Anthony Capuano sold 19,510 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $133.51, for a total value of $2,604,780.10. Following the completion of the transaction, the executive vice president now owns 23,159 shares in the company, valued at $3,091,958.09. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Deborah Marriott Harrison sold 80,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were 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 owns 116,092 shares of the company’s stock, valued at approximately $16,362,006.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 119,790 shares of company stock valued at $16,626,811. Company insiders own 11.32% of the company’s stock.
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Marriott International 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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