196,378 Shares in Marriott International Inc. (MAR) Acquired by Fundsmith LLP
Fundsmith LLP bought a new position in Marriott International Inc. (NASDAQ:MAR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 196,378 shares of the company’s stock, valued at approximately $13,051,000. Marriott International comprises 0.2% of Fundsmith LLP’s investment portfolio, making the stock its 18th largest position. Fundsmith LLP owned about 0.08% of Marriott International as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. North Star Investment Management Corp. raised its position in shares of Marriott International by 29.6% in the second quarter. North Star Investment Management Corp. now owns 1,533 shares of the company’s stock worth $102,000 after buying an additional 350 shares during the last quarter. Smithfield Trust Co. raised its position in shares of Marriott International by 54.3% in the second quarter. Smithfield Trust Co. now owns 1,875 shares of the company’s stock worth $125,000 after buying an additional 660 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of Marriott International by 0.4% in the second quarter. Gradient Investments LLC now owns 1,958 shares of the company’s stock worth $130,000 after buying an additional 8 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Marriott International by 12.6% in the second quarter. Parkside Financial Bank & Trust now owns 2,309 shares of the company’s stock worth $154,000 after buying an additional 259 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in shares of Marriott International by 16.1% in the second quarter. CENTRAL TRUST Co now owns 2,390 shares of the company’s stock worth $159,000 after buying an additional 332 shares during the period. 80.44% of the stock is currently owned by institutional investors and hedge funds.
Marriott International Inc. (NASDAQ:MAR) opened at 73.92 on Monday. Marriott International Inc. has a 12-month low of $56.43 and a 12-month high of $75.09. The stock has a market cap of $28.86 billion, a P/E ratio of 26.32 and a beta of 1.23. The company has a 50 day moving average of $68.30 and a 200-day moving average of $68.93.
Marriott International (NASDAQ:MAR) last released its quarterly earnings data on Monday, November 7th. The company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.03. Marriott International had a net margin of 4.82% and a negative return on equity of 76.10%. The company earned $3.94 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts forecast that Marriott International Inc. will post $3.58 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, November 24th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 1.64%. Marriott International’s dividend payout ratio is presently 42.25%.
A number of equities research analysts have recently issued reports on MAR shares. Zacks Investment Research cut shares of Marriott International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 26th. Telsey Advisory Group cut their price objective on shares of Marriott International from $74.00 to $70.00 and set a “market perform” rating for the company in a research note on Friday, September 23rd. Vetr cut shares of Marriott International from a “buy” rating to a “hold” rating and set a $74.52 price objective for the company. in a research note on Monday, August 1st. Morgan Stanley raised shares of Marriott International from an “equal weight” rating to an “overweight” rating and set a $78.00 price objective for the company in a research note on Monday, September 26th. Finally, Stifel Nicolaus upped their price objective on shares of Marriott International from $65.00 to $66.00 and gave the company a “hold” rating in a research note on Monday, September 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $76.68.
In other Marriott International news, EVP Anthony Capuano sold 22,538 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $73.60, for a total value of $1,658,796.80. Following the completion of the transaction, the executive vice president now directly owns 76,184 shares in the company, valued at $5,607,142.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Richard E. Marriott sold 71,287 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $70.14, for a total transaction of $5,000,070.18. Following the completion of the transaction, the insider now owns 12,223,365 shares of the company’s stock, valued at $857,346,821.10. The disclosure for this sale can be found here. 17.07% of the stock is currently owned by company insiders.
Marriott International Company Profile
Marriott International, Inc is a lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties in approximately 90 countries and territories under over 20 brand names. It operates through three segments: North American Full-Service, which includes brands, such as The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Marriott Hotels, Delta Hotels and Resorts, and Renaissance Hotels located in the United States and Canada; North American Limited-Service, which includes brands, such as AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites properties and Fairfield Inn & Suites located in the United States and Canada, and International, which includes brands, such as Bulgari Hotels & Resorts, Protea Hotels and Moxy Hotels located outside the United States and Canada.
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