Ritholtz Wealth Management reduced its position in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,648 shares of the company’s stock after selling 62 shares during the quarter. Ritholtz Wealth Management’s holdings in Marriott International were worth $274,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Marriott International by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 23,035,518 shares of the company’s stock valued at $3,228,198,000 after purchasing an additional 548,630 shares in the last quarter. State Street Corp boosted its stake in shares of Marriott International by 0.5% during the 3rd quarter. State Street Corp now owns 10,763,120 shares of the company’s stock worth $1,508,344,000 after acquiring an additional 51,077 shares in the last quarter. Morgan Stanley boosted its stake in shares of Marriott International by 52.7% during the 4th quarter. Morgan Stanley now owns 4,811,245 shares of the company’s stock worth $716,346,000 after acquiring an additional 1,659,637 shares in the last quarter. Norges Bank bought a new stake in shares of Marriott International during the 4th quarter worth $326,980,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Marriott International by 1,066.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,157,619 shares of the company’s stock worth $379,202,000 after acquiring an additional 1,972,684 shares in the last quarter. 58.53% of the stock is owned by institutional investors.
Insider Buying and Selling at Marriott International
In other news, EVP Peggy Fang Roe sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $181.13, for a total value of $271,695.00. Following the sale, the executive vice president now directly owns 17,885 shares of the company’s stock, valued at $3,239,510.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Anthony Capuano sold 16,159 shares of Marriott International stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $176.33, for a total transaction of $2,849,316.47. Following the sale, the chief executive officer now directly owns 157,786 shares of the company’s stock, valued at $27,822,405.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Peggy Fang Roe sold 1,500 shares of Marriott International stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $181.13, for a total value of $271,695.00. Following the sale, the executive vice president now directly owns 17,885 shares in the company, valued at $3,239,510.05. The disclosure for this sale can be found here. Insiders have sold a total of 22,659 shares of company stock worth $3,994,613 over the last three months. Corporate insiders own 12.32% of the company’s stock.
Analyst Ratings Changes
Marriott International Price Performance
NASDAQ MAR opened at $182.12 on Thursday. Marriott International, Inc. has a fifty-two week low of $133.54 and a fifty-two week high of $184.97. The stock’s 50-day moving average is $176.02 and its two-hundred day moving average is $168.63. The company has a debt-to-equity ratio of 73.56, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $55.25 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 1.41 and a beta of 1.57.
Marriott International (NASDAQ:MAR – Free Report) last posted its earnings results on Tuesday, May 2nd. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. Marriott International had a return on equity of 272.54% and a net margin of 12.34%. The company had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the company earned $1.25 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. On average, analysts anticipate that Marriott International, Inc. will post 8.41 earnings per share for the current fiscal year.
Marriott International Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, May 26th were issued a dividend of $0.52 per share. This is a positive change from Marriott International’s previous quarterly dividend of $0.40. This represents a $2.08 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, May 25th. Marriott International’s dividend payout ratio (DPR) is 24.33%.
Marriott International Profile
Marriott International, Inc operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties worldwide. The company operates through U.S. and Canada, and International segments. It operates its properties under the JW Marriott, The Ritz-Carlton, Ritz-Carlton Reserve, W Hotels, The Luxury Collection, St.
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