MetLife Investment Advisors LLC acquired a new stake in Marriott International Inc (NASDAQ:MAR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 94,756 shares of the company’s stock, valued at approximately $12,861,000.
A number of other large investors have also made changes to their positions in the business. Two Sigma Investments LP purchased a new position in shares of Marriott International during the 4th quarter valued at $185,269,000. Two Sigma Advisers LP lifted its position in shares of Marriott International by 93.4% during the 4th quarter. Two Sigma Advisers LP now owns 1,767,082 shares of the company’s stock valued at $239,846,000 after buying an additional 853,341 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Marriott International by 88.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,673,540 shares of the company’s stock valued at $184,524,000 after buying an additional 786,050 shares during the last quarter. Cbre Clarion Securities LLC purchased a new position in shares of Marriott International during the 4th quarter valued at $104,785,000. Finally, Deutsche Bank AG lifted its position in shares of Marriott International by 83.9% during the 4th quarter. Deutsche Bank AG now owns 1,313,016 shares of the company’s stock valued at $178,209,000 after buying an additional 599,099 shares during the last quarter. Hedge funds and other institutional investors own 65.59% of the company’s stock.
In related news, insider Stephen Blake Marriott sold 1,000 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $143.83, for a total transaction of $143,830.00. Following the sale, the insider now owns 144,601 shares of the company’s stock, valued at approximately $20,797,961.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan C. Schwab purchased 250 shares of the stock in a transaction on Thursday, February 22nd. The stock was acquired at an average cost of $141.47 per share, for a total transaction of $35,367.50. The disclosure for this purchase can be found here. Insiders have sold a total of 92,680 shares of company stock worth $13,010,547 in the last three months. 11.32% of the stock is currently owned by insiders.
A number of brokerages have recently commented on MAR. Barclays upped their price target on Marriott International from $105.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 28th. Zacks Investment Research cut Marriott International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine raised Marriott International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $132.00 price target on shares of Marriott International in a research report on Tuesday, January 9th. Finally, Susquehanna Bancshares reaffirmed a “positive” rating and set a $161.00 price target (up previously from $145.00) on shares of Marriott International in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $122.38.
Shares of Marriott International Inc (NASDAQ MAR) opened at $139.82 on Tuesday. The stock has a market capitalization of $50,420.11, a PE ratio of 38.84, a P/E/G ratio of 2.51 and a beta of 1.35. 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 Inc has a 1-year low of $88.31 and a 1-year high of $149.21.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The business 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 firm’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 EPS. analysts expect that Marriott International Inc will post 5.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, February 23rd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.94%. Marriott International’s dividend payout ratio (DPR) is 36.67%.
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About Marriott International
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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