Toroso Investments LLC lessened its holdings in shares of Marriott International, Inc. (NASDAQ:MAR – Free Report) by 6.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 17,940 shares of the company’s stock after selling 1,338 shares during the period. Toroso Investments LLC’s holdings in Marriott International were worth $2,979,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. boosted its stake in shares of Marriott International by 5.7% during the 1st quarter. Ameriprise Financial Inc. now owns 540,482 shares of the company’s stock worth $89,725,000 after buying an additional 29,085 shares during the last quarter. Titleist Asset Management LLC acquired a new position in shares of Marriott International during the 1st quarter worth about $1,030,000. Crake Asset Management LLP boosted its stake in shares of Marriott International by 146.1% during the 1st quarter. Crake Asset Management LLP now owns 586,209 shares of the company’s stock worth $97,334,000 after buying an additional 347,997 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Marriott International by 6.8% during the 1st quarter. Advisory Services Network LLC now owns 4,123 shares of the company’s stock worth $685,000 after buying an additional 262 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Marriott International by 12.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 26,591 shares of the company’s stock worth $4,414,000 after buying an additional 2,841 shares during the last quarter. Institutional investors own 58.79% of the company’s stock.
Analyst Ratings Changes
MAR has been the subject of a number of recent research reports. Sanford C. Bernstein downgraded shares of Marriott International from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $204.00 to $218.00 in a research note on Monday, August 14th. Argus raised their target price on shares of Marriott International from $208.00 to $232.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Citigroup raised their target price on shares of Marriott International from $175.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, August 30th. TD Cowen raised their target price on shares of Marriott International from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, BMO Capital Markets raised their target price on shares of Marriott International from $192.00 to $210.00 and gave the company a “market perform” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $209.21.
Marriott International Stock Performance
Shares of NASDAQ:MAR opened at $204.21 on Friday. The company’s 50 day simple moving average is $199.68 and its 200 day simple moving average is $181.31. The stock has a market capitalization of $60.90 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.59. The company has a debt-to-equity ratio of 73.56, a current ratio of 0.46 and a quick ratio of 0.46. Marriott International, Inc. has a 1 year low of $135.90 and a 1 year high of $210.98.
Marriott International (NASDAQ:MAR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.07. The business had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Marriott International had a net margin of 12.15% and a return on equity of 649.26%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. As a group, research analysts predict that Marriott International, Inc. will post 8.63 EPS for the current fiscal year.
Marriott International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.02%. Marriott International’s dividend payout ratio (DPR) is 23.45%.
Insider Buying and Selling at Marriott International
In other Marriott International news, Director Eric Hippeau sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $174.39, for a total value of $749,877.00. Following the sale, the director now owns 4,072 shares in the company, valued at $710,116.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider William P. Brown sold 990 shares of Marriott International stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $200.09, for a total transaction of $198,089.10. Following the transaction, the insider now owns 23,348 shares in the company, valued at $4,671,701.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eric Hippeau sold 4,300 shares of Marriott International stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $174.39, for a total transaction of $749,877.00. Following the transaction, the director now owns 4,072 shares in the company, valued at approximately $710,116.08. The disclosure for this sale can be found here. Insiders have sold 103,723 shares of company stock worth $21,070,240 over the last quarter. Corporate insiders own 12.32% of the company’s stock.
Marriott International Company 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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