Covea Finance grew its position in Marriott International, Inc. (NASDAQ:MAR - Free Report) by 69.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,540 shares of the company's stock after buying an additional 24,900 shares during the quarter. Covea Finance's holdings in Marriott International were worth $16,887,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Silvant Capital Management LLC purchased a new stake in shares of Marriott International in the third quarter worth approximately $31,000. Darwin Wealth Management LLC purchased a new stake in Marriott International in the 3rd quarter worth approximately $33,000. ORG Partners LLC boosted its stake in shares of Marriott International by 158.5% during the 4th quarter. ORG Partners LLC now owns 137 shares of the company's stock valued at $38,000 after buying an additional 84 shares during the period. Cyrus J. Lawrence LLC acquired a new position in shares of Marriott International in the second quarter worth $36,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of Marriott International during the third quarter worth $40,000. Institutional investors and hedge funds own 70.70% of the company's stock.
Marriott International Stock Down 0.1 %
Marriott International stock traded down $0.38 during mid-day trading on Wednesday, reaching $276.05. The company had a trading volume of 1,513,370 shares, compared to its average volume of 1,269,129. The company has a 50 day moving average of $282.64 and a 200-day moving average of $255.36. Marriott International, Inc. has a 52 week low of $204.55 and a 52 week high of $295.45. The firm has a market cap of $76.71 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 5.47 and a beta of 1.57.
Marriott International (NASDAQ:MAR - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $2.26 earnings per share for the quarter, missing analysts' consensus estimates of $2.31 by ($0.05). Marriott International had a negative return on equity of 177.91% and a net margin of 11.18%. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the business earned $2.11 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Marriott International, Inc. will post 9.26 earnings per share for the current fiscal year.
Marriott International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, November 21st were given a $0.63 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.52 annualized dividend and a yield of 0.91%. Marriott International's dividend payout ratio (DPR) is currently 26.36%.
Insider Buying and Selling at Marriott International
In other news, EVP Benjamin T. Breland sold 500 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $274.49, for a total value of $137,245.00. Following the sale, the executive vice president now directly owns 12,286 shares in the company, valued at approximately $3,372,384.14. This represents a 3.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Anthony Capuano sold 8,332 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $284.49, for a total value of $2,370,370.68. Following the transaction, the chief executive officer now owns 108,361 shares of the company's stock, valued at $30,827,620.89. This trade represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,815 shares of company stock valued at $3,919,739 in the last 90 days. 12.32% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on MAR shares. JPMorgan Chase & Co. raised their price target on Marriott International from $251.00 to $269.00 and gave the stock a "neutral" rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of Marriott International from $280.00 to $314.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Mizuho increased their price target on shares of Marriott International from $233.00 to $246.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Robert W. Baird lifted their price objective on shares of Marriott International from $258.00 to $264.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Finally, Bank of America raised their target price on Marriott International from $275.00 to $300.00 and gave the company a "buy" rating in a report on Monday, October 21st. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $269.65.
Read Our Latest Stock Analysis on Marriott International
Marriott International Company Profile
(
Free Report)
Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.
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