AdvisorNet Financial Inc boosted its position in Marriott International, Inc. (NASDAQ:MAR – Get Rating) by 39.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584 shares of the company’s stock after buying an additional 164 shares during the quarter. AdvisorNet Financial Inc’s holdings in Marriott International were worth $87,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC lifted its holdings in Marriott International by 72.2% in the 3rd quarter. Vigilant Capital Management LLC now owns 186 shares of the company’s stock worth $26,000 after buying an additional 78 shares in the last quarter. Old North State Trust LLC acquired a new stake in shares of Marriott International in the 3rd quarter valued at about $27,000. New Millennium Group LLC acquired a new stake in shares of Marriott International in the 2nd quarter valued at about $37,000. Mach 1 Financial Group LLC acquired a new stake in shares of Marriott International in the 3rd quarter valued at about $42,000. Finally, Castleview Partners LLC raised its stake in shares of Marriott International by 226.0% in the 2nd quarter. Castleview Partners LLC now owns 163 shares of the company’s stock valued at $49,000 after purchasing an additional 113 shares in the last quarter. Institutional investors and hedge funds own 58.97% of the company’s stock.
Insider Buying and Selling
In related news, CFO Kathleen K. Oberg sold 5,765 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $179.18, for a total value of $1,032,972.70. Following the completion of the sale, the chief financial officer now owns 20,630 shares in the company, valued at approximately $3,696,483.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Marriott International news, insider William P. Brown sold 2,500 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $170.03, for a total value of $425,075.00. Following the completion of the sale, the insider now owns 17,738 shares in the company, valued at approximately $3,015,992.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kathleen K. Oberg sold 5,765 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $179.18, for a total transaction of $1,032,972.70. Following the completion of the sale, the chief financial officer now owns 20,630 shares of the company’s stock, valued at approximately $3,696,483.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,086 shares of company stock worth $3,860,436. Corporate insiders own 12.21% of the company’s stock.
Marriott International Trading Up 0.0 %
Marriott International (NASDAQ:MAR – Get Rating) last posted its quarterly earnings data on Tuesday, February 14th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The business had revenue of $5.92 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Marriott International had a net margin of 11.35% and a return on equity of 168.43%. The business’s revenue was up 33.2% on a year-over-year basis. During the same period last year, the firm posted $1.30 earnings per share. As a group, equities research analysts expect that Marriott International, Inc. will post 7.75 EPS for the current fiscal year.
Marriott International Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, February 24th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. This is a boost from Marriott International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, February 23rd. Marriott International’s dividend payout ratio (DPR) is presently 22.04%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Marriott International from $173.00 to $176.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 15th. Morgan Stanley increased their price objective on shares of Marriott International from $193.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 15th. Jefferies Financial Group lowered shares of Marriott International from a “buy” rating to a “hold” rating and set a $166.00 price objective on the stock. in a research note on Monday, January 9th. StockNews.com assumed coverage on shares of Marriott International in a research note on Thursday, March 16th. They set a “buy” rating on the stock. Finally, Credit Suisse Group increased their price objective on shares of Marriott International from $185.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $180.50.
Marriott International Profile
Marriott International, Inc engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following geography segments: U.S. & Canada, Asia Pacific, and Europe, Middle East and Africa (EMEA). The company was founded by J. Willard Marriott and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.
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