American Century Companies Inc. boosted its position in shares of Marriott International (NASDAQ:MAR) by 32.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 928,092 shares of the company’s stock after purchasing an additional 227,808 shares during the quarter. American Century Companies Inc. owned about 0.26% of Marriott International worth $126,202,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Valeo Financial Advisors LLC lifted its stake in Marriott International by 367.1% during the 4th quarter. Valeo Financial Advisors LLC now owns 738 shares of the company’s stock valued at $100,000 after acquiring an additional 580 shares during the period. Wolverine Asset Management LLC bought a new position in Marriott International during the 4th quarter valued at about $128,000. Newport Wealth Strategies Inc. bought a new position in Marriott International during the 4th quarter valued at about $206,000. KCS Wealth Advisory bought a new position in Marriott International during the 4th quarter valued at about $201,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Marriott International during the 4th quarter valued at about $204,000. 64.93% of the stock is currently owned by institutional investors.
In other Marriott International news, insider Stephen Blake Marriott sold 1,000 shares of the firm’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 transaction of $143,830.00. Following the sale, the insider now owns 144,601 shares in the company, valued at approximately $20,797,961.83. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan C. Schwab bought 250 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of $141.47 per share, for a total transaction of $35,367.50. The disclosure for this purchase can be found here. Insiders sold a total of 97,606 shares of company stock worth $13,752,874 in the last quarter. Company insiders own 12.99% of the company’s stock.
Several research firms have issued reports on MAR. Evercore ISI upgraded shares of Marriott International from an “in-line” rating to an “outperform” rating and upped their target price for the company from $146.00 to $155.00 in a research note on Thursday. Deutsche Bank restated a “hold” rating and set a $141.00 target price on shares of Marriott International in a research note on Thursday, May 10th. Royal Bank of Canada upped their target price on shares of Marriott International to $159.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Zacks Investment Research upgraded shares of Marriott International from a “hold” rating to a “buy” rating and set a $156.00 target price on the stock in a research note on Tuesday. Finally, Susquehanna Bancshares restated a “positive” rating and set a $161.00 target price (up previously from $145.00) on shares of Marriott International in a research note on Tuesday, February 13th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $133.15.
Shares of Marriott International opened at $138.29 on Friday, Marketbeat Ratings reports. Marriott International has a twelve month low of $138.61 and a twelve month high of $139.51. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $49.63 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 2.21 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.12. Marriott International had a net margin of 6.29% and a return on equity of 41.82%. The firm had revenue of $5.01 billion for the quarter, compared to analysts’ expectations of $5.78 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. analysts expect that Marriott International will post 5.52 EPS for the current fiscal year.
The firm 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. This represents a $1.64 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, May 17th. This is a boost from Marriott International’s previous quarterly dividend of $0.33. Marriott International’s dividend payout ratio is 30.28%.
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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