Marriott International (MAR) Stake Lifted by HPM Partners LLC
HPM Partners LLC increased its position in shares of Marriott International (NASDAQ:MAR) by 127.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,104 shares of the company’s stock after buying an additional 8,450 shares during the quarter. HPM Partners LLC’s holdings in Marriott International were worth $391,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in MAR. Canada Pension Plan Investment Board grew its stake in shares of Marriott International by 69,461.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 37,563 shares of the company’s stock valued at $3,538,000 after purchasing an additional 37,509 shares during the last quarter. Eqis Capital Management Inc. grew its stake in shares of Marriott International by 7.2% in the 1st quarter. Eqis Capital Management Inc. now owns 2,864 shares of the company’s stock valued at $270,000 after purchasing an additional 193 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in shares of Marriott International by 5.7% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,147 shares of the company’s stock valued at $296,000 after purchasing an additional 169 shares during the last quarter. AKO Capital LLP grew its stake in shares of Marriott International by 16.0% in the 1st quarter. AKO Capital LLP now owns 561,655 shares of the company’s stock valued at $52,897,000 after purchasing an additional 77,516 shares during the last quarter. Finally, Suntrust Banks Inc. grew its stake in shares of Marriott International by 8.1% in the 1st quarter. Suntrust Banks Inc. now owns 66,699 shares of the company’s stock valued at $6,280,000 after purchasing an additional 4,992 shares during the last quarter. Hedge funds and other institutional investors own 65.93% of the company’s stock.
Several research analysts have weighed in on MAR shares. Zacks Investment Research upgraded Marriott International from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Wednesday, May 31st. BidaskClub upgraded Marriott International from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Berenberg Bank reiterated a “buy” rating and issued a $125.00 target price on shares of Marriott International in a research note on Friday, August 18th. Stifel Nicolaus lifted their target price on Marriott International from $95.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird lifted their target price on Marriott International from $101.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $100.81.
In other news, insider J W. Marriott, Jr. sold 26,362 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $101.78, for a total value of $2,683,124.36. Following the transaction, the insider now directly owns 203,286 shares of the company’s stock, valued at $20,690,449.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary K. Bush sold 1,200 shares of the company’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $100.89, for a total transaction of $121,068.00. Following the completion of the transaction, the director now directly owns 1,101 shares in the company, valued at $111,079.89. The disclosure for this sale can be found here. Insiders sold 97,491 shares of company stock valued at $9,857,627 in the last 90 days. Corporate insiders own 11.32% of the company’s stock.
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Shares of Marriott International (NASDAQ MAR) opened at 103.43 on Monday. Marriott International has a 12 month low of $65.91 and a 12 month high of $110.51. The stock has a 50 day moving average price of $102.03 and a 200-day moving average price of $98.38. The stock has a market cap of $38.52 billion, a P/E ratio of 33.94 and a beta of 1.36.
Marriott International (NASDAQ:MAR) last released its earnings results on Monday, August 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.73 billion. Marriott International had a return on equity of 26.26% and a net margin of 5.27%. The company’s revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. On average, analysts forecast that Marriott International will post $4.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 24th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.28%. Marriott International’s payout ratio is currently 45.52%.
About Marriott International
Marriott International, Inc (Marriott International) is a lodging company. Marriott International operates in three business segments: North American Full-Service, North American Limited-Service and International. Its North American Full-Service segment includes its Luxury and Premium brands (JW Marriott, Marriott Hotels, Sheraton, Westin, Renaissance Hotels, Le Meridien, Autograph Collection Hotels, Delta Hotels, Gaylord Hotels, and Tribute Portfolio) located in the United States and Canada.
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